Question: help i did the first half Equv Usts Quantities Us Motors Con Costs Utober color 2100 Work process, Started into odation IT 59000 Toints cooted




Equv Usts Quantities Us Motors Con Costs Utober color 2100 Work process, Started into odation IT 59000 Toints cooted for Completed and transand Sat Work OCH 31 Yolunis Costs Materials Conversion Costs Unit costs Costs in January 85160 Equivalent units 140000 362392 Unit costs 447300 447552 Costs to be accounted for Work in process, Jan. 1 Started into production Total costs Cost Reconciliation Materials Conversion Costs Total 85160 $ 254910 140000 362392 $ 447300 $ 447552 $ 894852 254 DC $ Cost Reconciliation Schedule Costs accounted for Completed and ered Out Workin process an 31 Materials Conversion cost Total costs Because most of the parts for its irrigation systems are standard, Waterways handles the majority of its manufacturing as a process cost system. There are multiple process departments, Three of these departments are the Molding. Cutting, and Welding departments. All items eventually end up in the Packaging Department which prepares items for sale in kits or individually. The following information is available for the Molding department for January 22,100 Work in process beginning: Units in process Stage of completion for materials Stage of completion for conversion cost Costs in work in process inventory 80% 30% Materials $169.750 Labor 67,870 Overhead 17,290 Total costs in beginning work in process $254.910 Units started into production in January 59.800 Units completed and transferred in January 58.100 Costs added to production: Materials $277.550 Labor 302,412 Overhead 59,980 Total costs added into production in January 5639.942 17,290 Overhead $254.910 Total costs in beginning work in process 59,800 Units started into production in January Units completed and transferred in January Costs added to production: 58,100 Materials $277.550 Labor 302,412 Overhead 59,980 $639,942 Total costs added into production in January Workin process ending Units in process 23,800 Stage of completion for materials 50% Stage of completion for conversion cost 10%
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
