Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. beverly plastics produces a part used in precision

Beverly Plastics produces a part used in precision machining. The part is produced...

50.1K

Verified Solution

Question

Accounting

Beverly Plastics produces a part used in precision machining. The part is produced in two departments: MixIng and Refining. The raw materlal is introduced into the process in the Mixing Department. The cost of the materlal fluctuates signlficantly month to month based on market conditions. Information on costs and operations in the Refining Department for September follow:
WIP inventory-Refining
Beginning inventory
(17,500 units, 10% complete with respect to Refining costs)
Transferred-in costs (from Mixing)
$239,055
Refining conversion costs
Refining conversion costs 9,676
Current work (55,300 units started) $900,625
Mixing costs 103,140
The ending Inventory has 14,200 units, which are 90 percent complete with respect to Refining Department costs.
Requlred:
Complete the production cost report using the weighted-average method.
Note: Round "Cost per equlvalent unit" to 2 decimal places.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

om the e of the 88 ALLEN A communication satellite of earth which takes 24...

Statistics
1.2K views

The 1 in 6 wins game As a special promotion for its 20 ounce bottles...

Algebra
1.2K views

36 X 3 7 22 45 45 x 2 X 14 22 8 15 16...

Algebra
1.2K views

Find a basis for S for the subspace S 1 1 6 S span 4

Accounting
1.2K views

Hong Kong Health Consultants Company provided dietary service to clients by offering consultation with specialist...

Accounting
1.2K views

Vilas Company is considering a capital investment of $183,600 in additional productive facilities. The new...

Accounting
1.2K views

Kredi, aada listelenen hesaplardan hangisinin normal bakiyesi DELDR? Sermaye hesab...

Accounting
1.2K views

hi... please check that are journal entries correct?? b please choose the...

Accounting
1.2K views

A video production company has a department that plans the video script, a second department...

Accounting
1.2K views

26 The choice of an allocation base (denominator) in the predetermined manufacturing overhead rate in...

Accounting
1.2K views

Problem 22-7AA Merchandising: Preparation and analysis of cash budgets with supporting inventory and purchases budgets...

Finance
1.2K views

Intro A corporate bond has 20 years to maturity, a face value of $1,000, a...