Question: CarbataCompany manufactures low - cost , basic tool kits in bulk. Below is the latest information for last month's production. Use the information above to
CarbataCompany manufactures lowcost basic tool kits in bulk. Below is the latest information for last month's production.
Use the information above to complete a Process Costing Production Report under the Weighed Average Assumption.
Step : Account for all Units
Step : Compute the Equivalent Units of Production Step : Compute the Cost per Equivalent Unit of Production
begintabularlll
hline & Materials & Conversion
hline Beginning Inventory Cost & &
hline Costs Added & &
hline Total Cost to Account for & &
hline & &
hline Total Equivalent Units of Production & &
hline Cost Per Equivalent Unit & &
hline Total Cost per Equivalent Unit & &
hline
endtabular
Step : Reconciling Costs
begintabularllll
hline & Materials & Conversion & Total
hline Beginning Inventory Costs & & &
hline Costs Added & & &
hline Total Cost to Account for & & &
hline Cost of Units Completed and Transferred & & &
hline Cost of Units in Ending Inventory & & &
hline Total Cost to Account for & & &
hline
endtabular
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