The production department described in Exercise 20-8 had $ 850,000 of direct materials and $ 650,000 of
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The production department described in Exercise 20-8 had $ 850,000 of direct materials and $ 650,000 of direct labor cost charged to it during April. Also, its beginning inventory included $ 118,840 of direct materials cost and $ 47,890 of direct labor.
1. Compute the direct materials cost and the direct labor cost per equivalent unit for the department.
2. Using the weighted-average method, assign April’s costs to the department’s output—specifically, its units transferred to finished goods and it’s ending goods in process inventory.
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Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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