d out of Cool Manufacturing produces cotton cloth. The company is using the weighted average method....
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d out of Cool Manufacturing produces cotton cloth. The company is using the weighted average method. The information for May is as follows: Beginning Work in Process Started Units Completed Units Ending Work in Process ** Total Cost added during period Physical units 1- 2- 3- 10,000units 55,000units 60,000units 5,000units 4- 5- Direct Material Cost $105,000 $314,100 Conversion Costs $68,000 *Degree of completion for beginning work in process: direct materials, 70%; conversion costs, 60% **Degree of completion for ending work in process: direct materials, 70%; conversion costs, 80% $271,200 Required: Use the table below to answer" Compute the physical units (12 marks) Compute the equivalent units (16 marks) Compute the total cost to account for (18 marks) Compute the cost per equivalent units (19 marks) Assign the cost to completed units and ending work in process (15 marks) d out of Cool Manufacturing produces cotton cloth. The company is using the weighted average method. The information for May is as follows: Beginning Work in Process Started Units Completed Units Ending Work in Process ** Total Cost added during period Physical units 1- 2- 3- 10,000units 55,000units 60,000units 5,000units 4- 5- Direct Material Cost $105,000 $314,100 Conversion Costs $68,000 *Degree of completion for beginning work in process: direct materials, 70%; conversion costs, 60% **Degree of completion for ending work in process: direct materials, 70%; conversion costs, 80% $271,200 Required: Use the table below to answer" Compute the physical units (12 marks) Compute the equivalent units (16 marks) Compute the total cost to account for (18 marks) Compute the cost per equivalent units (19 marks) Assign the cost to completed units and ending work in process (15 marks)
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UNITS Physical Units Equivalent Units Beg WIP 10000 Started 55000 Unit to account for 65000 Direct Material Conversion Costs Completed and transferred ... View the full answer
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-1259692406
18th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date:
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