Question: Problem 16-3A Weighted Average: Process cost summary, equivalent units LO C2, C3, P4 Fast Co. produces its preduet through a single processing department Drect materials
Problem 16-3A Weighted Average: Process cost summary, equivalent units LO C2, C3, P4 Fast Co. produces its preduet through a single processing department Drect materials are added at he start of production, and conversion costs are added evenly trougheut he process. The compary USDS monty mortng penods for ts wegteseverage process costing rystern The wrroes accourt has a balance of $38,300 as of October 1, which consisted of $21,300 of direct materials and 77,000 of conversion conts During the month the company incurred the foliowing costs 186,400 1,002,400 October, the company started 154,000 units and translemed 164,000 unts to fnished goods At the ot 25.000 units rat were 80% complete wth respect to conversion coats 1. Prepare the company's process cost summary for October using the weignted-average method. Round "Cost per EUP to 2 decimal places Tota costs to account for Total costs accounted for Units to account for Total units to account for Total units accounted for: Total units accounted for lent units of prod Units %Materials EUP. Materials %Conversion Total units
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
