nces Required Information [The following information applies to the questions displayed below] Mirada Company manufactures handheld...
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nces Required Information [The following information applies to the questions displayed below] Mirada Company manufactures handheld calculators and has the following information available for the month of July Work in process, July 1 (100% complete for materials, 25% for conversion) Direct materials Conversion cost Number of units started July costs Direct materials Conversion cost Work in process, July 31 (100% complete for materials, 10% for conversion) 3. Calculate cost per equivalent unit. 4. Reconcile the total cost of work in process 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units Required 1 Reconcile the number of physical units worked on during the period. Physical Units Required: Using the weighted-average method of process costing, complete each of the following steps: Beginning Units Units Started Total Units Required 2 Required 3 Physical Units Complete this question by entering your answers in the tabs below. 0 Required 4 123,000 units $ 237,000 $391,000 Units Completed Ending Units Total Units Reged 217,000 units $ 423,000 $ 481,000 141,000 units Required 2 > 2 nces Required Information [The following information applies to the questions displayed below] Mirada Company manufactures handheld calculators and has the following information available for the month of July Work in process, July 1 (100% complete for materials, 25% for conversion) Direct materials Conversion cost Number of units started July costs Direct materials Conversion cost Work in process, July 31 (100% complete for materials, 10% for conversion) 3. Calculate cost per equivalent unit. 4. Reconcile the total cost of work in process 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units Required 1 Reconcile the number of physical units worked on during the period. Physical Units Required: Using the weighted-average method of process costing, complete each of the following steps: Beginning Units Units Started Total Units Required 2 Required 3 Physical Units Complete this question by entering your answers in the tabs below. 0 Required 4 123,000 units $ 237,000 $391,000 Units Completed Ending Units Total Units Reged 217,000 units $ 423,000 $ 481,000 141,000 units Required 2 > 2
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UNITS TO ACCOUNT FOR UNITS TO BE ACCOUNTED FOR Beginning Work in Process units 123000 Units complete... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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