Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the cost of the units transferred out? Also I need help in completing the ? on the excel. Please put formula to formulate

image text in transcribed

image text in transcribed

What is the cost of the units transferred out?

Also I need help in completing the "?" on the excel. Please put formula to formulate how i can understand how to get the answers in each cell. Thanks!

00 OUT 300 40% 30% 3 Data 4 Work in process, beginning: 5 Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning inventory: Materials cost 10 Conversion cost 11 Units started into production during the period 12 Costs added to production during the period: 13 Materials cost 14 Conversion cost 15 Work in process, ending: 16 Units in process 17 Completion with respect to materials 18 Completion with respect to conversion $4,626 $6,357 10,000 $383,958 $718,705 100 80% 70% 19 20 Enter a formula into each of the cells marked with a ? below 21 22 Weighted Average method: 23 Conversion 10,200 24 Equivalent Units of Production 25 Materials 26 Units transferred to the next department 10,200 27 Ending work in process: 28 Materials 80.00 29 Conversion 30 Equivalent units of production 10,280 70.00 10,270 31 32 Costs per Equivalent Unit 33 Materials 1 626 Conversion $ 6 357 34 Cost of honinning work in nrnrese inventory S

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

Public Sector Accounting Auditing And Control In South Eastern Europe

Authors: Vesna Vašiček, Gorana Roje

1st Edition

303003352X, 978-3030033521

More Books

Students also viewed these Accounting questions

Question

Comment should this MNE have a global LGBT policy? Why/ why not?

Answered: 1 week ago