Using the Millie Company above, prepare a production report for the assembly department for June using the
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Units to be accounted for Work in process Beginning (60% complete) Started into production 24,000 56,000 Total Units 80,000 Units accounted for Completed and transferred out Work in process, Ending (70% complete) 70,000 10,000 Total Units 80,000 Equivalent Units work added Physical Units Equivalent Units Work in process Beginning Started and completed Work in process Ending 40% 24,000 9,600 100% 46,000 46,000 70% 10,000 80,000 7,000 Total 62,600 ===== ====
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Computation of unit production costs Costs incurred Equivalent Units Cost per unit Direct mater...View the full answer
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Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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