EFG Corporation's packaging department for the month of December has the following data: Units WIP as...

 

 

 

 

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EFG Corporation's packaging department for the month of December has the following data: Units WIP as of Dec. 1 Started to Process WIP as of Dec. 31 No. of % Units Completion 250 40% 3,500 500 65% Costs WIP as of Dec. 1 Material Conversion Cost Costs added to 9,000 6,750 Production: Material 525,600 Conversion Cost 619,800 Required: Prepare the COPR using WAM Method. The company adds 20% of material at the beginning of the process, 30% at 75% of the process and the rest at 100%. Conversion cost is applied evenly. Use 2 decimal places. Finished and transferred Units to the next department Total Units transferred WIP, End Total Units as Accounted for Cost WDM EFG Corporation Cost of Production Report For month ended December Department EPM Cost Analysis Cost incurred during the month Material Labor Overhead Total cost to be Accounted for Finished and Amount transferred to the next department Total Cost of Transfer Amount Finished and transferred to the next department Total Cost of Transfer WIP, Ending Cost from previous department Cost this month Total Cost as Accounted for Amount EFG Corporation's packaging department for the month of December has the following data: Units WIP as of Dec. 1 Started to Process WIP as of Dec. 31 No. of % Units Completion 250 40% 3,500 500 65% Costs WIP as of Dec. 1 Material Conversion Cost Costs added to 9,000 6,750 Production: Material 525,600 Conversion Cost 619,800 Required: Prepare the COPR using WAM Method. The company adds 20% of material at the beginning of the process, 30% at 75% of the process and the rest at 100%. Conversion cost is applied evenly. Use 2 decimal places. Finished and transferred Units to the next department Total Units transferred WIP, End Total Units as Accounted for Cost WDM EFG Corporation Cost of Production Report For month ended December Department EPM Cost Analysis Cost incurred during the month Material Labor Overhead Total cost to be Accounted for Finished and Amount transferred to the next department Total Cost of Transfer Amount Finished and transferred to the next department Total Cost of Transfer WIP, Ending Cost from previous department Cost this month Total Cost as Accounted for Amount