Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the completing to the rooms and procedure Dandy Corporated the following equivalent and costs por equivalent and for its final production department for the month

image text in transcribed
image text in transcribed
image text in transcribed
the completing to the rooms and procedure Dandy Corporated the following equivalent and costs por equivalent and for its final production department for the month of July de conta data Read the ta How much con todened to the completed and transferred out to Fished Goods viventory during (Entrates first the other amounts in the same order as presented Dandy Corporation Month Ended July 31 Assigning Costs Direct Conversion Transferred-in Materials Costs Total . Completed and transferred out 11. She was they complete uno standing Work in Process inventory at the end of July Non dimette con tutte le standing Work in Process inventory for use in the hermounts in the same onder as presented Dandy Corporation Mont Ended July 31 Assigning Conta Transferred Direct Materiais Conversion Costs En Total Data table pd.) B D A 2 3. Units completed and transferred out during July 4 Plus: Ending work in process, July 31 5 Total equivalent units 6 Cost per equivalent unit Equivalent Units Direct Conversion Transferred-in Material Costs 74,000 74,000 74,000 10,000 8,400 3,800 84,000 82,400 77,800 2.84 S 0.15$ 1.36 Dandy Corporation Month Ended July 31 Assigning Costs Direct Materials Conversion Costs Transferred-in Total b. Ending work in process 2. What was the "Total cost accounted for during July what other important figure must this match? What does this figure tell you? The total costs accounted for are The "Total costs accounted for figure must match the In other words, the company must assign of the costs that were in the Work in Process account during the period to other 1) vor to 2 3. the units started in production during the period first production department all the way through the final production departe the units that were completed and transferred out during the period

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

CIA Review Part 2 Internal Audit Practice For The New 3 Part Exam

Authors: Irvin N.Gleim

17th Edition

158194375X, 978-1581943757

More Books

Students also viewed these Accounting questions

Question

What is QoS routing and why is it useful?

Answered: 1 week ago