Michelle, Inc. produces wine bottles for vitners in a process that starts in the Melt and...
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Michelle, Inc. produces wine bottles for vitners in a process that starts in the Melt and Mold Department. Data concerning that department's operations in the most recent period appear below: Beginning work in process: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Units started into production during the month Units completed and transferred out Ending work in process: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Beginning work in process costs: Materials Conversion Costs added during the period Materials Conversion 400 75% 25% 42,600 42,500 500 80% 30% $1,600 $2,400 $191,700 $298,200 Prepare the production report of the department considering that Michelle, Inc. uses weighted average method in its process costing. Michelle, Inc. produces wine bottles for vitners in a process that starts in the Melt and Mold Department. Data concerning that department's operations in the most recent period appear below: Beginning work in process: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Units started into production during the month Units completed and transferred out Ending work in process: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Beginning work in process costs: Materials Conversion Costs added during the period Materials Conversion 400 75% 25% 42,600 42,500 500 80% 30% $1,600 $2,400 $191,700 $298,200 Prepare the production report of the department considering that Michelle, Inc. uses weighted average method in its process costing.
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Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Posted Date:
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