The Sanding Department of Sheridan Company has the following production and cost data for November. Production...
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The Sanding Department of Sheridan Company has the following production and cost data for November. Production 1. Started and completed 9.100 units. 2. Started 3,000 units that are 80% completed at November 30. Costs Beginning work in process Materials Labor Manufacturing Overhead $-0- 57,475 126,500 46,000 Determine the equivalent units of production for materials and conversion costs. Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round answers to 2 decimal places, e.g. 15.25.) Material costs Conversion costs Total unit costs $ $ Costs accounted for: Transferred out Work in process, November 30th Materials Conversion costs Total costs Sheridan Company Cost Reconciliation Schedule SA The Sanding Department of Sheridan Company has the following production and cost data for November. Production 1. Started and completed 9.100 units. 2. Started 3,000 units that are 80% completed at November 30. Costs Beginning work in process Materials Labor Manufacturing Overhead $-0- 57,475 126,500 46,000 Determine the equivalent units of production for materials and conversion costs. Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round answers to 2 decimal places, e.g. 15.25.) Material costs Conversion costs Total unit costs $ $ Costs accounted for: Transferred out Work in process, November 30th Materials Conversion costs Total costs Sheridan Company Cost Reconciliation Schedule SA The Sanding Department of Sheridan Company has the following production and cost data for November. Production 1. Started and completed 9.100 units. 2. Started 3,000 units that are 80% completed at November 30. Costs Beginning work in process Materials Labor Manufacturing Overhead $-0- 57,475 126,500 46,000 Determine the equivalent units of production for materials and conversion costs. Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round answers to 2 decimal places, e.g. 15.25.) Material costs Conversion costs Total unit costs $ $ Costs accounted for: Transferred out Work in process, November 30th Materials Conversion costs Total costs Sheridan Company Cost Reconciliation Schedule SA The Sanding Department of Sheridan Company has the following production and cost data for November. Production 1. Started and completed 9.100 units. 2. Started 3,000 units that are 80% completed at November 30. Costs Beginning work in process Materials Labor Manufacturing Overhead $-0- 57,475 126,500 46,000 Determine the equivalent units of production for materials and conversion costs. Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round answers to 2 decimal places, e.g. 15.25.) Material costs Conversion costs Total unit costs $ $ Costs accounted for: Transferred out Work in process, November 30th Materials Conversion costs Total costs Sheridan Company Cost Reconciliation Schedule SA
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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