Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Parton Doll Co. uses a process costing system. Consider the following data for Dept. A. UNITS: W-1-P Nov. 1: 100 units, 40% completed for
The Parton Doll Co. uses a process costing system. Consider the following data for Dept. A. UNITS: W-1-P Nov. 1: 100 units, 40% completed for conversion costs Started in November: 400 units Transferred to Dept B: 480 units W-1-P Nov. 30: 20 units, 100% completed for direct material 50% completed for conversion costs $4,000 Costs added in November: Conversion 100% completed for direct material COSTS: W-1-P Nov. 1: Direct Materials Conversion Total costs to account for 1,110 Direct Material 18,000 $5,110 $22,000 $40,000 $45,110 Use the WEIGHTED AVERAGE method. Show computations a. Compute the equivalent units of production for DM and conversion. b. Compute the cost per equivalent unit for DM and conversion. c. Assign costs to units transferred out and ending work-in-process.
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