Lesson $3$ Homework

Complete and submit your work in an Excel file to the dropbox by the Lesson $3$

Deadline. Below is the assignment:

The candy making department at MyChocoCrush Company provides you with the

following information for October. All direct materials are placed in process at the

beginning of production.

The facts are:

REQUIRED: Use the weighted average process cost method to identify and classify

the costs below: HINT: Prepare a Production Cost Report first!

Determine the number of units of work in process inventory at the end of the month.

Determine the equivalent units of productions for direct materials and conversion

costs.

Determine direct materials cost per equivalent unit

Determine conversion cost per equivalent unit

Cost of units completed and transferred out during October

Cost of ending work in process