Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

x All answers must be entered as a formula. Click OK to begin. OK arch O EP a 73F Sunny 1:45 PM 10/9/2021 A B

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

x All answers must be entered as a formula. Click OK to begin. OK arch O EP a 73F Sunny 1:45 PM 10/9/2021 A B D E 21 22 1. Compute equivalent units. 23 Mixing Department 24 Equivalent Units of Production 25 Materials Conversion 26 Units transferred to the next department 27 Ending work in process: 28 Materials 29 Conversion 30 Equivalent units of production 31 32 2. Compute cost per equivalent unit. 33 Mixing Department 34 Cost per Equivalent Unit 35 Materials Conversion 36 Cost of beginning work in process 37 Cost added during the period 38 Total cost 39 Equivalent units of production 40 Cost per equivalent unit 41 42 3. Assign costs. 43 Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out Sheet1 44 Prey 1 of 1 11 Next ' earch O 73F Sunny A0 on a 1)) 1:46 PM 10/9/2021 D E 41 43 Total 42 3. Assign costs. Mixing Department 44 Costs of Ending Work in Process Inventory and the Units Transferred Out 45 Materials Conversion 46 Ending work in process inventory: 47 Equivalent units of production 48 Cost per equivalent unit 49 Cost of ending work in process inventory 50 51 Units completed and transferred out: 52 Units transferred to the next department 53 Cost per equivalent unit 54 Cost of units transferred out 55 56 4. Prepare reconciliation. 57 Mixing Department 58 Cost Reconciliation 59 Costs to be accounted for: 60 Cost of beginning work in process inventory 61 Costs added to production during the period 62 Total cost to be accounted for 63 Costs accounted for as follows: 64 Cost of ending work in process inventory Sheet1 Prey 1 of 1 Next arch O i J' 73F Sunny 1 l 640) 1:46 PM 10/9/2021 A B D E 49 Cost of ending work in process inventory 50 51 Units completed and transferred out: 52 Units transferred to the next department 53 Cost per equivalent unit 54 Cost of units transferred out 55 56 4. Prepare reconciliation. 57 Mixing Department 58 Cost Reconciliation 59 Costs to be accounted for: 60 Cost of beginning work in process inventory 61 Costs added to production during the period 62 Total cost to be accounted for 63 Costs accounted for as follows: 64 Cost of ending work in process inventory 65 Cost of units transferred out 66 Total cost accounted for 67 68 69 70 Sheet1 + ) 1:46 PM 10/9/2021 = 1 Clipboard Font Styles B26 : X =B5+B11-B16 B C D E 5 300 60% 40% $ 10,500 $6,750 6,200 Units in process 6 Percent completed with respect to materials 7 Percent completed with respect to conversion 8 Cost in the beginning inventory: 9 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, July 31: 16 Units in process 17 Percent completed with respect to materials 18 Percent completed with respect to conversion es $332,150 $407,645 450 40% 30% 19 20 Use the data to answer the following. 21 22 1. Compute equivalent units. 23 Mixing Department 24 Equivalent Units of Production 25 Materials 26 Units transferred to the next department 6,050 Conversion Prey 1 of 1 11 Next o search O n - a 68F Cloudy ^ 9:29 PM 10/9/2021

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

Strategic Management Theory And Cases An Integrated Approach

Authors: Charles W. L. Hill, Melissa A. Schilling, Gareth R. Jones

13th Edition

0357033841, 978-0357033845

More Books

Students also viewed these Accounting questions

Question

=+a) What kind of design or study is this?

Answered: 1 week ago