Question: I have no idea what formulas to use or how to even tackle this Basic Process Costing A department of Jamestown Textiles produces cotton fabric.

 I have no idea what formulas to use or how to

I have no idea what formulas to use or how to even tackle this

even tackle this Basic Process Costing A department of Jamestown Textiles producescotton fabric. All direct materials are introduced at the start of the

Basic Process Costing A department of Jamestown Textiles produces cotton fabric. All direct materials are introduced at the start of the process. Conversion costs are incurred uniformly throughout the process. In April, there was no beginning inventory. Units started, completed, and transferred were 675,000 Units in process on April 30 were 249,000. Each unit in ending work in process was 35% converted. Costs incurred during April were direct materials at $4,158,000 and conversion costs at $1,905,375. 1 . Compute the total work done in equivalent units and the unit cost for April. 2. COmpute the cost of units c0mpleted and transferred. Alsol compute the cost of units in ending work in process. A B C D E F G H Problemh 14-32 Name AUAWN Section A B C D F G H a VI Jamestown Textiles Direct Conversion 10 00 - Flow of Production Physical Units Materials Costs 8 Work in process, April 1 0 9 Started in April Amount 10 10 To account for 11 Completed and transferred out during 12 12 current period Amount Amount Amount 13 13 Work in process, April 30 Amount Amount #VALUE! 14 14 Units accounted for 15 15 Work done to date #VALUE! 16 16 Direct Conversion 17 17 Costs Total costs Materials Costs 18 18 Work in process, April 1 0 0 0 19 19 Costs added currently Amount Amount 20 20 Total costs to account for $ 21 21 Divided by equivalent units Formula 1 Formula 3 22 22 Unit costs (weighted averages) #VALUE! Formula 2 Formula 4 23 23 24 24 Application of costs Total costs 25 25 Completed and transferred out Formula 5 26 26 Work in process, April 30 27 27 Direct materials Formula 6 28 28 Conversion costs Formula 7 29 29 Total work in process 30 30 Total costs accounted for $ 31 31 32 32 33 33 34 34 35 End of Problem 36

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