Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is available for Department A for the month of January: Units Cost Work in process, January 1 (70% complete as to conversion)

image text in transcribed
image text in transcribed
The following information is available for Department A for the month of January: Units Cost Work in process, January 1 (70% complete as to conversion) 10,000 Direct materials $36,000 Direct labor $18,000 Manufacturing overhead $24.000 Total work in process, January 1 $78.000 Started in production during January 40,000 Costs added: Direct materials $108,000 Direct labor $48.000 Manufacturing overhead $60.600 Totalcostandded ducinoma 216600 Total costs added during January $216,600 Work in process, January 31 (80% complete as to conversion) 4,000 Materials are added at the end of the process. Required: A. How many units were started and completed during the period? Answer the following using the weighted average method: B. What are the equivalent units for materials and conversion costs for the period? C. What is the cost per equivalent unit for materials and conversion cost for the period? D. What is the cost of goods manufactured during the period? E. What is the cost of ending work in process at the end of 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

HR Audit Audit Your Most Precious Resources

Authors: DR. SIBRAM NISONKO

1st Edition

197357120X, 978-1973571209

More Books

Students also viewed these Accounting questions