Inventory at June 1 for Delta Company and the costs charged to Work in Process-Department Foxtrot...
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Inventory at June 1 for Delta Company and the costs charged to Work in Process-Department Foxtrot during June are as follows: 4,400 units, 60% completed From Department Hilo, 40,000 units Direct labor Factory overhead $ 295,600 472,500 592,000 367,790 During June, all direct materials are transferred from Department Hilo, the units in process at June1 were completed, and of the 40,000 units entering the department, all were completed except 3,100 units which were 60% completed as to conversion costs. All materials are added at the beginning of the process REQUIREMENT #1: Prepare a cost of production report for June using the FIFO Method (Round cost per equivalent unit to 4 decimal places, but the total amounts to nearest dollar.) REQUIREMENT #2: Prepare a cost of production report for June using the Weighted-Average Method (Round cost per equivalent unit to 4 decimal places, but the total amounts to nearest dollar.) Inventory at June 1 for Delta Company and the costs charged to Work in Process-Department Foxtrot during June are as follows: 4,400 units, 60% completed From Department Hilo, 40,000 units Direct labor Factory overhead $ 295,600 472,500 592,000 367,790 During June, all direct materials are transferred from Department Hilo, the units in process at June1 were completed, and of the 40,000 units entering the department, all were completed except 3,100 units which were 60% completed as to conversion costs. All materials are added at the beginning of the process REQUIREMENT #1: Prepare a cost of production report for June using the FIFO Method (Round cost per equivalent unit to 4 decimal places, but the total amounts to nearest dollar.) REQUIREMENT #2: Prepare a cost of production report for June using the Weighted-Average Method (Round cost per equivalent unit to 4 decimal places, but the total amounts to nearest dollar.)
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a Equivalent units of production for conversion cost Answer 32830 Solution Step 1 27400 units starte... View the full answer
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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