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Total production costs, direct materials, conversation not sure what they are Homework: HW Assignment 2 - Chapter 18 Question 2, P1 Part 20 Reference Total
Total production costs, direct materials, conversation not sure what they are
Homework: HW Assignment 2 - Chapter 18 Question 2, P1 Part 20 Reference Total Direct Conversion Porter Handcraft is manufacturer of picture frames for large retailers. Every picture frame passes through two de department. The process-costing system at Porter has a single direct-cost category (direct materials) and a single 10% complete. Conversion costs are added evenly during the assembly department's process. Porter uses the FIF (Click the icon to view the data.) (Click the icon to view the total costs assigned under the weighted-a Production Costs Materials Costs Completed and transferred out $ 15,062 $ 7,974 Read the requirements. 23,036 $ 5,082 4,488 594 Work in process, ending EURS..pwwwwwwy...y 495 $ 28,118 $ 19,550 $ 8,568 Transferred-in during current period Total costs accounted for 575 To account for Completed and transferred out during current period: From beginning work in process Started and completed 80 0 48 Print Done 363 363 363 132 132 33 Work in process, ending 575 Accounted for - X 495 444 Data Table Equivalent units of work done in current period Now summarize total costs to account for. Conversion Total Direct Conversion Production Costs Materials Costs Costs $132 Work in process, beginning Costs added in current period Physical Units Direct (Frames) Materials Beginning work in process, (April 19a 80 $1,730 Started during April 2020 495 Completed during April 2020 443 Ending work in process, (April 30) 132 Total costs added during April 2020 $17,820 a Degree of completion direct materials, 100%; conversion costs, 40%. Degree of completion: direct materials, 100%; conversion costs, 25%. 28118 19550 8568 Total costs to account for $8,436 Help Me Solve This e Text Pages Get More HelpStep by Step Solution
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