Process costing Baroche Inc. uses the weighted-average method in its process cost system. The following data...
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Process costing Baroche Inc. uses the weighted-average method in its process cost system. The following data concern the operation of the company's first processing department for a recent month. Work in process, 1 June-100 units: Direct material: 100% complete, cost of. Conversion: 40% complete, cost of Balance in work in process, June 1.. Units started during June........... Units completed during June. Work in process, June 30:Y Direct material: 100% complete Conversion: 70% complete Costs incurred during June: Direct material... Conversion costs: VCG Direct labor......... Applied manufaturing overhead... Total conversion costs.... $364 $1120 $1,484 23,000 22,900 $124,160 $174,738 $462,350 $637,088 Required: Prepare schedules to accomplish each of the following process-costing steps for the month of June. Use the weighted-average method of process costing. a. Analysis of physical flow of units. b. Calculation of equivalent units. c. Computation of unit costs. Process costing Baroche Inc. uses the weighted-average method in its process cost system. The following data concern the operation of the company's first processing department for a recent month. Work in process, 1 June-100 units: Direct material: 100% complete, cost of. Conversion: 40% complete, cost of Balance in work in process, June 1.. Units started during June........... Units completed during June. Work in process, June 30:Y Direct material: 100% complete Conversion: 70% complete Costs incurred during June: Direct material... Conversion costs: VCG Direct labor......... Applied manufaturing overhead... Total conversion costs.... $364 $1120 $1,484 23,000 22,900 $124,160 $174,738 $462,350 $637,088 Required: Prepare schedules to accomplish each of the following process-costing steps for the month of June. Use the weighted-average method of process costing. a. Analysis of physical flow of units. b. Calculation of equivalent units. c. Computation of unit costs.
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Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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