Question: Can someone please help me solve this? (14.2A) Compute equivalent production; compute costs per equivalent unit; prepare a cost of production report. (Objs. 2,3,4). Roosevelt
(14.2A) Compute equivalent production; compute costs per equivalent unit; prepare a cost of production report. (Objs. 2,3,4). Roosevelt Company uses a process cost accounting system. Materials in the first department (Crushing) are placed in production at various in tervals of the manufacturing process. Data for the month of March follow: Costs Beginning Work in Process Costs in Prior Department Costs in Current Department Materials $6,509 2,106 3,283 Labor Overhead Current Department Costs-March Materials Labor Overhead 124,022 104,638 63,466 Quantities 1,200 Beginning Work in Process Started in Production Transferred Out to Next Department Ending Work in Process 18,100 17,750 1,550 Beginning Materials and overhead Labor 80% 30% Ending Materials and overhead Labor 90% 40%
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