Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vyeparurem or ne month of September Equivalent units of direct material (weighted average method) Equivalent units of conversion (weighted average method) Units completed and transferred

image text in transcribed
image text in transcribed
Vyeparurem or ne month of September Equivalent units of direct material (weighted average method) Equivalent units of conversion (weighted average method) Units completed and transferred out during September 75,000 69,000 66,000 The cost data for September are as follows: Work in process, September 1 Direct material Conversion Costs incurred during September Direct material Conversion $116,20 63,504 3295,60 419,496 There were 35,000 units in process in the Weaving Department on September 1 (100% complete as to direct material and 40% complete as to conversion) Required: Compute each of the following amounts using weighted-average process costing 1. Cost of goods completed and transferred out of the Weaving Department, 2. Cost of the September 30 work-in-process inventory in the Weaving Department Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cost of goods completed and transferred out of the Weaving Department, Round Coats per equivalent unit to 2 decimal Places Cost of completed and transferred out Required 2 Equivalent units of direct material (weighted average method) Equivalent units of conversion (weighted average method) Units completed and transferred out during September 75,000 69,000 66,000 The cost data for September are as follows Work in process, September 1 Direct material Conversion Costs incurred during September Direct material Conversion $116,820 63,564 $295,689 419,496 There were 35,000 units in process in the Weaving Department on September (100% complete as to direct material and 40% complete as to conversion). Required: Compute each of the following amounts using weighted-average process costing 1. Cost of goods completed and transferred out of the Weaving Department 2. Cost of the September 30 work-in-process inventory in the Weaving Department Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cost of the September 30 work-in-process inventory in the Weaving Department. (Round Costs per equivalent unit to 2 decimal places Dreat Conversion Tot 5 0

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

Using QuickBooks Accountant 2018 For Accounting

Authors: Glenn Owen

16th Edition

0357042085, 9780357042083

More Books

Students also viewed these Accounting questions