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Part II- Procedural cost (Value: 10 points) Alcanza Corp. adds the materials at the beginning of its production process and the conversion costs add them
Part II- Procedural cost (Value: 10 points) Alcanza Corp. adds the materials at the beginning of its production process and the conversion costs add them evenly. At the beginning of June 20xx the inventory in process had 25% completion; At the end of the month it had 70% completion. Other important data are disclosed below: Initial inventory of assets in process Units started during the period Units completed during the period Conversion costs Direct materials used Initial Inventory Costs materials Conversion 1.200 units 3,100 units 3.800 units $ 525,000 $ 280,000 Rectangular Snip S 115,000 $ 180,000 Required: 1. Prepare the cost report for the month of June 20xx. Part III- Question (Value: 6 points) 1. Compare and contrast accounting according to both methods (establish two similarities and two differences). 2. It establishes in which of the cost systems it is more practical to make a cost-benefit analysis and in which it applies a cost-per-volume analysis (use the textbook and the presentation of module 2 as a basis for answering)
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