In using average method, BSBA Company produces a product that undergoes three processes and the completed...

 

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In using average method, BSBA Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For October and November 2021, BSBA Company presented the following costs on three processes October Costs incurred: Materials Direct Labor Overhead Total Materials are added at Started/Transferred in (units) Completed (units) In process, end (units) and stage of completion " 2 November Costs incurred: Materials E Direct Labor Overhead $ Total 7 Materials are added at Process A 500.000 295,500 236,400 1,031,900 70% at the beginning of the 50% at beginning. process: remaining 30% at 50% at 80% 60% conversion conversion 100.000 95,000 5.000 units at 70% converted Started/Transferred in (units) Completed (units) In process, end (units) and stage of completion Process A Process B 100,000 ? 3,000 units at 30% converted 374,000 281,400 ? 225,120 880,520 3.000 units at 60% converted Process B 494,459 299.229 238,560 1,032.248 70% at the beginning of the 50% at beginning. process: remaining 30% at 50% at 80% 60% conversion conversion. ? 407,030.00 303.426.00 242,946.00 953,402 Process C 40% at beginning. additional 30% at 40% complete, and remaining 30% at 80% complete 4,000 units at 40% converted 319,900 273,600 218,880 812,380 ? ? 2.000 unts at 60% converted Process C 354,492 301.915 241,735 898,142 40% at beginning. additional 30% at 40% complete, and remaining 30% at 80% complete ? 3,000 units at 50% converted In using average method, BSBA Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For October and November 2021, BSBA Company presented the following costs on three processes October Costs incurred: Materials Direct Labor Overhead Total Materials are added at Started/Transferred in (units) Completed (units) In process, end (units) and stage of completion " 2 November Costs incurred: Materials E Direct Labor Overhead $ Total 7 Materials are added at Process A 500.000 295,500 236,400 1,031,900 70% at the beginning of the 50% at beginning. process: remaining 30% at 50% at 80% 60% conversion conversion 100.000 95,000 5.000 units at 70% converted Started/Transferred in (units) Completed (units) In process, end (units) and stage of completion Process A Process B 100,000 ? 3,000 units at 30% converted 374,000 281,400 ? 225,120 880,520 3.000 units at 60% converted Process B 494,459 299.229 238,560 1,032.248 70% at the beginning of the 50% at beginning. process: remaining 30% at 50% at 80% 60% conversion conversion. ? 407,030.00 303.426.00 242,946.00 953,402 Process C 40% at beginning. additional 30% at 40% complete, and remaining 30% at 80% complete 4,000 units at 40% converted 319,900 273,600 218,880 812,380 ? ? 2.000 unts at 60% converted Process C 354,492 301.915 241,735 898,142 40% at beginning. additional 30% at 40% complete, and remaining 30% at 80% complete ? 3,000 units at 50% converted