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uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the following information
uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the following information for the month of
JulyJuly:
Question Help E5-25A (similar to) Zesty's Hot Sauce uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the following information for the month of July: (Click the icon to view the reported information for July.) The units in ending work in process inventory were 70% complete with respect to direct materials but only 40% complete with respect to conversion. Requirement Summarize the flow of physical units and compute output in terms of equivalent units in order to arrive at the missing figures (a) through (I). Zesty's Hot Sauce Packaging Department Step 1 1 Data Table Month Ended July 31 Flow of Physi Flow of Production Units Units to account for: Zesty's Hot Sauce Packaging Department Step 1 Step 2: Equivalent Units Beginning work in process, July 1 29 Month Ended July 31 Flow of Physica TransferredDirect Conversion 232 Plus: Transferred in during July Flow of Production Units in Materials Costs Units to account for: Total physical units to account for Beginning work in process, July 1 29,000 Units accounted for: 232,000 Completed and transferred out during July Plus: Transferred in during July 34 Plus: Ending work in process, July 31 Total physical units to account for Units accounted for: Total physical units accounted for Completed and transferred out during July 0) Total Equivalent Units 34,000 Plus: Ending work in process, July 31 Total physical units accounted for Enter any number in the edit fields and then click Check Answer Total Equivalent Units All parts showingStep by Step Solution
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