Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the weighted-average method, assign direct materials costs to the molding departments output-specifically, the units transferred out to the packaging department and the units that

Using the weighted-average method, assign direct materials costs to the molding departments output-specifically, the units transferred out to the packaging department and the units that remain in process in the molding department at month end.
image text in transcribed
image text in transcribed
Required information Use the following information for the Quick Study below. (The following information applies to the questions displayed below.) Zia Co. makes flowerpots from recycled plastic in two departments, molding and packaging. At the beginning of the month, the molding department has 4,200 units in inventory, 70% complete as to materials. During the month, the molding department started 29,000 units. At the end of the month, the molding department had 6,300 units in ending inventory. 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the molding department for the month follows: Beginning work in process inventory (direct materials) Direct materials added during the month $ 3,400 49,900 Using the weighted average method, assign direct materials costs to the molding department's output-specifically, the units transferred out to the packaging department and the units that remain in process in the molding department at month-end. (Do not round intermediate calculations.) Weighted Average Method Direct Materials Costs of units transferred out Direct materials Costs of ending work in process Direct materials Total costs assigned

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Accounting Course 2

Authors: Claudia B. Gilbertson

9th Edition

053844827X, 9780538448277

More Books

Students also viewed these Accounting questions