Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data reports on the July production activities of the Molding department at Ash Company Beginning work in process Direct materials Conversion Costs
The following data reports on the July production activities of the Molding department at Ash Company Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 18,450 2,280 394,050 $ 20,730 Beginning work in process inventory Completed and transferred out Units started this period Ending work in process inventory 205,770 599,820 $ 620,550 Direct Materials Conversion Percent Units 2,000 Complete 100% Percent Complete 20% 35,500 35,000 2,500 100% 60% Exercise 16-14 (Algo) Weighted average: Production cost report LO P2 Prepare the Molding department's production cost report using the weighted average method Note: Round "Cost per EUP" to 2 decimal places. Exercise 16-14 (Algo) Weighted average: Production cost report LO P2 Prepare the Molding department's production cost report using the weighted average method Note: Round "Cost per EUP" to 2 decimal places. Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP Total costs -Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Direct Materials Conversion Units % Complete EUP % Complete EUP Direct Materials Costs EUP Costs EUP 0 EUP Cost per EUP Total cost Conversion equired information Total units accounted for Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP Total costs Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for Direct Materials Units % Complete Conversion EUP % Complete EUP Direct Materials Costs EUP Costs EUP 0 EUP Cost per EUP Total cost EUP Cost per EUP Total cost $ 000 0.00 Conversion
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