VI. Interpreting a Production Report Dolce company manufactures a product that goes through several departments. hastily...
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VI. Interpreting a Production Report Dolce company manufactures a product that goes through several departments. hastily prepared production report for department A for April is given below: Quantity Schedule Units to be accounted for: WIP, April 1 (90% materials, 80% conversion cost added last month) Started into production Total units Units accounted for as follow: Transferred to department B 30,000 200,000 230,000 190,000 WIP April 30(75% materials, 60% conversion cost added this month) Total cost 40.000 230,000 Total Cost Cost to be accounted for: WIP,April 1 $98,000 Cost added during the month 827.000 Total Cost 925,000 Cost Reconciliation Cost accounted for as follow: Transferred to department B WIP April 30 Total cost $805,600 119.400 925,000 Dolce Company has just been acquired by another organization and the management wants some additional information about Dolce's operations. Required 1)Is Dolce co. using the weighted average method or the FIFO method to account for units and costs? How can you tell? 2) What were the equivalent units for the month? 3) What were the unit costs for the month? The beginning inventory consisted of the following costs: materials, $67,800,and conversion cost $30,200. The costs added during the month consisted of: materials, $579,000 and conversion cost. $248,000. 4) How many of the units transferred to department B were started and completed during the month? VI. Interpreting a Production Report Dolce company manufactures a product that goes through several departments. hastily prepared production report for department A for April is given below: Quantity Schedule Units to be accounted for: WIP, April 1 (90% materials, 80% conversion cost added last month) Started into production Total units Units accounted for as follow: Transferred to department B 30,000 200,000 230,000 190,000 WIP April 30(75% materials, 60% conversion cost added this month) Total cost 40.000 230,000 Total Cost Cost to be accounted for: WIP,April 1 $98,000 Cost added during the month 827.000 Total Cost 925,000 Cost Reconciliation Cost accounted for as follow: Transferred to department B WIP April 30 Total cost $805,600 119.400 925,000 Dolce Company has just been acquired by another organization and the management wants some additional information about Dolce's operations. Required 1)Is Dolce co. using the weighted average method or the FIFO method to account for units and costs? How can you tell? 2) What were the equivalent units for the month? 3) What were the unit costs for the month? The beginning inventory consisted of the following costs: materials, $67,800,and conversion cost $30,200. The costs added during the month consisted of: materials, $579,000 and conversion cost. $248,000. 4) How many of the units transferred to department B were started and completed during the month?
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Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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