Check my work During April, the first production department of a process manufacturing system completed...

90.2K

Verified Solution

Question

Accounting

image
image
image
Check my work During April, the first production department of a process manufacturing system completed its work on 305,000 units of a product and transferred them to the next department. Of these transferred units, 61,000 were in process in the production department at the beginning of April and 244,000 were started and completed in April. April's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. At the end of April, 83,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion. The production department had $779,288 of direct materials and $659,797 of conversion costs charged to it during April. Also, its April beginning inventory of $163.740 consists of $122,032 of direct materials cost and $41.708 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April (Round "Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April (Round "Cost per EUP to 2 decimal places.) 3. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory (Round"Cost per EUP to 2 decimal places.) Required 1. and 2. Equivalent Units of Production (EUP). Weighted Average Method Units % Materials EUP-Materials % Conversion EUP-Conversion Equivalent units of product Cost per Equivalent Unit of Production Conversion 12:01 PM ere to search acer Required 1. and 2 quivalent of Production (EU) Weighted Average Method Units Materials EUP-Materials Conversion EUP-Conversion Eguen uns production Cost per Equivalent Unit of Production Costs Costs Total costs -Equivalent units of production Cost per equivalent of production rounded to 2 decimals) Total Costs to Account for Toscolo conto Total cost accounted for to search acer F6 Prisc Sysia A TY F G H J V R AL

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