Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Cutting Department of Carla Vista Company has the following production and cost data for July. Production Costs 1 Completed and transferred out 14,160 units.
The Cutting Department of Carla Vista Company has the following production and cost data for July. Production Costs 1 Completed and transferred out 14,160 units. Beginning work in process $0 2. 3,540 units in ending working in process are 60% Direct materials 53,100 complete as to conversion costs and 100% complete as to materials at July 31. Direct labor 19.116 Manufacturing overhead 21.594 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process. Your answer is partially correct. Determine the equivalent units of production for (1) materials and (2) conversion costs. Determine the equivalent units of production for (1) materials and (2) conversion costs. Total equivalent units of production eTextbook and Media Materials 17700 x Your answer is incorrect. Compute unit costs. (Round unit costs to 2 decimal places, eg. 2.25) Materials $ 3.75 28 Conversion Costs 143724 Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, eg. 2.25 and final answers to O decimal places, eg. 1,225) Cost Reconciliation Costs accounted for Completed and Transferred out Work in process, July 31 Materials Conversion costs Total costs eTextbook and Media $ The Sanding Department of Blossom Furniture Company has the following production and manufacturing cost data for March 2022. the first month of operation Production: 8.680 units completed and transferred out: 3.720 units in ending work in process are 100% complete as to materials and 20% complete as to conversion costs Manufacturing costs: Materials $40,920, labor $26,040, and overhead $44,640 Prepare a production cost report. (Round unit costs to 2 decimal places, eg. 2.25 and other answers to 0 decimal places, eg 125.) BLOSSOM FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2022 Physical Quantities Units to be accounted for Work in process, March 1 Units Materials Equivalent Units Conversion. Costs Units to be accounted for Work in process, March 1 Started into production Total units Units accounted for Completed and Transferred out Work in process, March 31 Total units Conversion Costs Unit costs Total Costs Equivalent units Unit costs Cost Reconciliation Schedule Costs to be accounted for Work in process, March 11 Started into production Total costs Materials Costs
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started