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. The following data reports on the July production activities
The following data reports on the July production activities of the Molding department at Ash Company.
The following data reports on the July production activities of the Molding department at Ash Company. $ 39,750 4,400 $ 44, 150 Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 376,050 197, 450 573,500 $ 617,650 Direct Materials Percent Complete 100% Conversion Percent Complete 20% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 4,000 34,500 34,000 4,500 100% 60% Prepare the Molding department's production cost report using the weighted average method. (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) Direct Materials % Complete EUP Conversion % Complete EUP Units Equivalent units of production Cost per EUP Direct Materials Conversion Total costs Costs EUP Costs EUP EUP Cost per EUP Total cost + 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 EUP Cost per EUP Total costStep 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