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what is the answer for the follow questions? Required information [The following information applies to the questions displayed below.] A-1 Products manufactures wooden furniture using
what is the answer for the follow questions?
Required information [The following information applies to the questions displayed below.] A-1 Products manufactures wooden furniture using an assembly-line process. All direct materials are introduced at the start of the process, and conversion cost is incurred evenly throughout manufacturing. An examination of the company's Work-in-Process Inventory account for June revealed the following selected information. Debit side: June 1 balance: 300 units, 30 complete as to conversion, cost $21,300 Production started: 900 units Direct material used during June: $45,000 June conversion cost: $25,700 Credit sider Production completed: 700 units "Supplementary records revealed direct-material cost of $15,000 and conversion cost of $6,300. Conversations with manufacturing personnel revealed that the ending work in process was 60 percent complete as to conversion. Required: 1. Determine the number of units in the June 30 work-in-process inventory. A-1 Products manufactures wooden furniture using an assembly-line process. All direct materials are introduced at the start of the process, and conversion cost is incurred evenly throughout manufacturing. An examination of the company's Work-in-Process Inventory account for June revealed the following selected information. Dobit bide: June 1 balances 300 units, 30 t conplete as to converaion, cost $21,300 * Production startedi 900 units Direct material used during June: $45,000 June converaion cost. $25,700 Credit side: Production completedt 700 unito - Supplementary records revealed direct-material cost of $15,000 and conversion cost of $6,300. Conversations with manufacturing personnel revealed that the ending work in process was 60 percent complete as to conversion. 2. Complete the following tables to calculate the cost of goods completed during June and prepare the appropriate journal entry to record completed production. Complete this question by entering your answers in the tabs below. Calcuiate the Equivalent Units. [The following information applies to the questions displayed below.] A-1 Products manufactures wooden furniture using an assembly-line process. All direct materials are introduced at the start of the process, and conversion cost is incurred evenly throughout manufacturing. An examination of the company's Work-in-Process Inventory account for June revealed the following selected information. Debit sides June 1 balances 300 units, 308 complete as to conversion, cost $21,300 * Production starteds 900 units Direct material used during June: $45,000 June converbion costi $25,700 Credit aidet production completedi 700 unita "Supplementary records revealed direct-material cost of $15,000 and conversion cost of $6,300. Conversations with manufacturing personnel revealed that the ending work in process was 60 percent complete as to conversion. 3. Determine the cost of the June 30 work-in-process inventory Step by Step Solution
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