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Will you please explain how I get the answer. Thank you Required information Use the following information for the Exercises below. (The following information applies
Will you please explain how I get the answer.
Thank you
Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Direct Conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Materials conversion 33,000 EUP 33,000 EUP 3,500 EUP 2,100 EUP 36,500 EUP 35,100 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 28,450 358,450 $ 386,900 Conversion $ 3, 180 182,850 $ 186,030 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in process sempre tening and 3,000 33,500 33,000 3,500 Caercise 10-12 venyiileu dvelaye. Cullipley d process CUST Summary los Prepare its process cost summary using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Answer is not complete. Costs Charged to Production Costs of beginning work in process $ 31,630.00 Costs incurred this period 541,300.00 Total costs to account for $ 572,930.00 Total costs accounted for Difference due to rounding cost/unit $ 0.00 Unit Reconciliation Units to account for Beginning work in process 3,000 Units started this period 33,500 Total units to account for 36,500 Total units accounted for Completed and transferred out 33,000 Ending work in process 3,500 Total units accounted for 36,500 Equivalent Units of Production (EUP)-Weighted Average Method of TELID. OLT FID. % Conversion 60% 100% EUP- Materials 3,500 33,000 36,500 Materials 28,450 358,450 386,900 13 X 29,761.54 EUP- Conversion 2,100 33,000 35,100 Conversion 3,180 182,850 186,030 $ $ Costs EUP Equivalent Units of Production (EUP)- Weighted Average Method % Units Materials Units of ending work in process 3,500 100% Units completed and transferred out 33,000 100% Equivalent units of production 36,500 Cost per EUP Cost of beginning work in process Costs incurred this period Total costs Costs + Equivalent units of production EUP Cost per equivalent unit of production Cost Assignment and Reconciliation Cost per Costs transferred out EUP EUP Direct materials Conversion Total transferred out Cost per Costs of ending work in process EUP EUP Direct materials $ 0.00 Conversion $ 0.00 Total ending work in process Total costs accounted for 5X $ $ 37,206.00 Total cost Total costStep by Step Solution
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