Question: I need help. I don't know what to do. I couldn't get the next part without finishing, so I had to find a picture that

I need help. I don't know what to do.

I need help. I don't know what to do. I couldn't get

the next part without finishing, so I had to find a picturethat was similar to mine. Thank you! Carla Vista Industries Inc. manufactures

dorm furniture in separate processes. In each process, materials are added at

I couldn't get the next part without finishing, so I had to find a picture that was similar to mine.

Thank you!

Carla Vista Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department T12-Tables 0 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete as to conversion, July 31 19,200 2,880 60% $0 364,800 Cost Data-July Work in process, July 1 Direct materials used in July Direct labor incurred in July Manufacturing overhead assigned in July Total 225,024 99,840 $689,664 (a1) Your answer is correct. Compute the physical units of production T12 Tables Units to be accounted for 19200 e Textbook and Media Attempts: 1 of 3 used (22) Your Answer Correct Answer (Used) Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs Total equivalent units 19,200 18.048 (a3) Your answer is correct Determine the unit costs of production for July. Materials Conversion Costs Total Costs Unit costs-T12 Tables $ 19 18 37 e Textbook and Media Attempts: 1 of 3 used (14) Your answer is incorrect Show the assignment of costs to units completed and transferred out and to work in process for July. T12 Tables Costs accounted for: Completed and transferred out $ Work in process Materials $ 89 20928 Conversion costs Total costs eTextbook and Media Save for Later Attempts: 2 of 3 used Submit Answer Physical Units Equivalent Units Conversion Materials Costs Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Conversion Costs Materials Total Costs Unit costs Total Casts Equivalent units Unit costs Costs to be accounted for Work in process, July 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!