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this is the screenshot that was cut off the first time sorry need help..screenshots may be out of order Elliott Company produces large quantities of
this is the screenshot that was cut off the first time sorryneed help..screenshots may be out of order
Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March. Units Beginning work in process inventory Started Ending work in process inventory 2,500 25,000 5,000 Costs Beginning work in process inventory Direct materials Conversion $ 4,925 6,240 status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 100% Direct labor added 35% Overhead applied (140% of direct labor) Total costs to account for Ending work in process inventory $ 11,165 174,100 172,000 240, 800 $598,065 $ 62,790 Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Total Costs to Account for: 6 of 6 . Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit Reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP- Materials % Conversion EUP-Conversion Touuction activiles Tor varch. Units Beginning work in process inventory Started Ending work in process inventory 2,500 25,000 5,000 Costs Beginning work in process inventory Direct materials Conversion $ 4,925 6, 240 status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 100% Direct labor added 35% Overhead applied (140% of direct labor) Total costs to account for Ending work in process inventory $ 11, 174, 172, 240, $598, $ 62, 'repare a process cost summary report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal laces.) Total Costs to Account for: EUP EUP - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs Accounted for: Cost of units transferred out: EUP Cost per EUP Total cost EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted forStep by Step Solution
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