Question
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping.
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Equivalent Units of Production Direct Materials Conversion Units transferred out 33,500 33,500 Units of ending work in process 2,800 1,680 Equivalent units of production 36,300 35,180 Costs per EUP Direct Materials Conversion Costs of beginning work in process $ 19,900 $ 2,415 Costs incurred this period 459,260 198,111 Total costs $ 479,160 $ 200,526 Units in beginning work in process (all completed during July) 2,300 Units started this period 34,000 Units completed and transferred out 33,500 Units in ending work in process 2,800 Prepare its process cost summary using the weighted-average method.
Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)
Costs Charged to Production Costs of beginning goods in process Costs incurred this period Total costs to account for Total costs accounted for Difference due to rounding cost/unit 0.00 0.00 nit reconciliation Units to account for Beginning goods in process Units started this period Total units to account for Total units accounted for Completed and transferred out Ending goods in process Total units accounted for Equivalent units of production (EUP)- weighted average method Units %Materials EUP-Materials % Labor EUP-Labor %Overhead EUP-Overhead Units completed and transferred out Units of ending goods in process Equivalent units of production
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