Question: Preparing production cost report, missing amounts Complete the missing amounts in the following production report. Materials are added at the beginning of the process; conversion

Preparing production cost report, missing amounts

Complete the missing amounts in the following production report. Materials are added at the beginning of the process; conversion costs are incurred evenly; the ending inventory is 60% complete.

DAWSON COMPANYProduction Cost ReportFINISHING DEPARTMENTMonth Ended September 30, 2022Equivalent UnitsUNITS

Whole Units

Transferred In

DirectConversion

Materials

CostsUnits to account for:Beginning work-in-process200Started in production2,3Total units to account for(a)Units accounted for:Completed and transferred out(b)n/a(d)(g)Ending work-in-process500n/a(e)(h)Total units accounted for(c)n/a(f)(i)COSTS

Transferred In

DirectConversionTotal

Materials

CostscostsCosts to account for:Beginning work-in-processn/a$ 1,100(j)$ 2,150Costs added during periodn/a12,657,575(k)Total costs to account forn/a(l)8,62522,375Divided by: Total EUPn/a(m)(n)Cost per equivalent unitn/a(o)(p)(q)Costs accounted for:Completed and transferred outn/

Preparing production cost report, missing amountsComplete the missing amounts in the

Instructions Pring . WIPANY TING DEPARTMENT ENTS wa TE TP

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!

Preparing production cost report, missing amounts Complete the missing amounts in the following production report. Materials are added at the beginning of the process; conversion costs are incurred...

E20-23 Preparing production cost report, missing amounts Complete the missing amounts in the following production report. Materials are added at the beginning of the process; conversion costs are...

pter 20 ning Objectives 2,3 E20-25 Preparing production cost report, missing amounts Complete the missing amounts in the following production report. Materialk at the beginning of the process;...

Johnson Paper Co. produces the paper used by wallpaper manufacturers. Johnson's four-stage process includes ming, cooking, rolling, and cutting (Click the icon to view additional information) The...

McNally Company manufactures a nutrient, Everlife, through two manufacturing processes: blending and packaging. All materials are entered at the beginning of each process. On August 1, 2020,...

Cavalier Company has several processing departments. Costs charged to the assembly department for November 2020 totalled $2,229,000 as follows: Assign costs and prepare production cost report. Work...

P4.41A (LO 3, 4) Cavalier Company has several processing departments. Costs charged to the assembly department for November 2020 totalled $2,229,000 as follows: Assign costs and prepare production...

please do only part C. P16.4A (LO 3, 4), AP Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2022 totaled $2,280,000 as follows. Assign costs...

P16.4A (LO 3, 4), AP Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2022 totaled $2,280,000 as follows. Assign costs and prepare production...

Solve the system of equations by substitution. Sx+ y=0 2x + 3y = -7 x = 6, y = -6; (6, -6) x = 7, y = -7; (7, -7) x = -6, y = 6; (-6, 6) x= -7, y = 7; (-7, 7)

Dee Publications has been in operation for more than 30 years and went public in the early1980s. The company has had net income in every year except one since it went public. The majority of Dees...

5 What advice would you give to another learner about when and where to use complex words in a written text?

In this paper, in addition to presenting the computed answers, please also discuss how you arrived at each answer the accounting problem asks. The accounting problem presents a companys balance...