Question: Question Answer saved Marked out of 3.00 P Flag question Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) for March


Question Answer saved Marked out of 3.00 P Flag question Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) for March 2019 are for the work-in-process account of the first of Eyring Company's four departments used in manufacturing its only product. Work in Process-Department 1 Beginning balance (3,000 units, 40% complete) Direct material $13,350 Conversion costs 5,600 (a) 96,000 Transferred to department 2: (23,000 units) Direct material (24,000 units) Direct labor Manufacturing overhead Ending balance [(b) units, 25% complete] 77,300 34,700 (C) Assuming that Erying uses the weighted average method and that materials are added at the beginning of the process and conversion costs are incurred evenly throughout, solve for the three missing numbers. Round average cost per equivalent unit to two decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number. Eyring Company Department 1 Equivalent Units Calculations, March 2019 Equivalent Units % Work Direct % Work done Materials Done 0 0 0 % 0 0 % 0 0 % Conversion Costs 0 0 % Complete/Transferred Ending Inventory b. Total 0 0 0 0 Product Cost Report Direct Conversion Materials Costs 0 $ 0 $ 0 $ 0 0 0 tA 0 $ 0 $ 0 0 0 $ 0 $ 0 $ 0 Beginning Inventory Current Total Costs to Account For + Total Equivalent Units Average cost / Equivalent unit (round 2 decimal places) Complete / Transferred: Direct Materials Conversion costs Cost of Goods Manufactured Ending Inventory: Direct Materials Conversion costs Cost of Ending Inventory Total Costs Allocated 0 TA 0 a. $ 0 0 $ 0 c. TA 0
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