Question: Ch16 Case Study Assignment - Part 2 Production Cost Report Problem (2pts) The Magicians Company uses the Process Cost System and the Average Costing Method.


Ch16 Case Study Assignment - Part 2 Production Cost Report Problem (2pts) The Magicians Company uses the Process Cost System and the Average Costing Method. Materials and Conversion costs are added evenly throughout the process. The following production data is for the Mixing Dept for the month of June. Production Report Units Work in process, June 1st Units started in production during June Units completed \& transferred out (DM 100\%; CC 100\%) Work in process, June 30th (DM 100\%; CC 25\%) 200 2,500 1,900 800 1: Prepare Step 1& Step Two for the Production Cost Report using the Average Cost Method. Tip for Completing the Step 1& Step 2 from the Prodution Cost Report: Total physical units in Step 1 should equal Total physical units in Step 2. Tip: Equivalent units = physical units x percentage (%) of completion. Ch16 Case Study Assignment - Part 2 (Total 10pts) How Do I Write my Posting? (150 words - 5pts; Completed Problem - 2pts; Total 7pts): * Students will be graded on their effort to fully complete their posting, reply, and
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
