70.2K

Verified Solution

Question

Accounting

i need help in this
image
image
image
image
Required information b. Using the weighted average method, assign Aprits costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. Note: Round "Cost per EUP" to 2 decimal places. Required informotion [The following information applies to the questions displayed below] The first production department of Stone incorporated reports the following for April. The production department had the cost information below. o. Compute cost per equivalent unit for both direct materials and conversion. Note: Round "Cost per EUP" to 2 decimal places. b. 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. Equivalent unds of production (EUP)-weighted average method 083 points poook Pant Prast Heherences \begin{tabular}{|c|c|c|c|c|c|} \hline & \multirow[b]{2}{*}{ Unitn } & \multicolumn{2}{|c|}{ Direct Materials } & \multicolumn{2}{|c|}{ Convernion } \\ \hline & & * Compiete & EUP & W Complete & EUP \\ \hline Completed and transferted out & 13,000 & 100% & 15.0007 & 100% & 1],000 \\ \hline Ending work in processs & 3.000 & 100% & 3.0007 & 255 & 750 \\ \hline Equivalent Units of Production & 16,000 & & 16,000 & & 13,750 \\ \hline Cost per equivalent unit of production & & & Direct Materiats & & Conversion \\ \hline Cost of ending work in process & & & 2880 & & 5,358 \\ \hline Costs addod this period & & & 197.120 & & 234902 \\ \hline Totai costs & & Costs & 200,000 & Costs & 240,350 \\ \hline - Equivalent units of production & & EUP & & EUP & \\ \hline \multicolumn{2}{|c|}{ Cost per equivalent unit of production (rounded to 2 docimas) } & & 0 & & 0 \\ \hline \multicolumn{6}{|l|}{ Cost Assignment } \\ \hline Completed and transforted out & EUP & Cost per EUP & Total cost & & \\ \hline Drect masenals: & 13,000 & & & & \\ \hline \multicolumn{6}{|l|}{ Conversion } \\ \hline Ending work in process & EUP & Cost per EUP & Total cost & & \\ \hline Direct materials & & 0.00 & 0 & & \\ \hline Conversion & & 0.00 & 0 & & \\ \hline Total costs accounted for & & & & & \\ \hline \end{tabular} department for Masy. Prepare a production cost report for this process using the weighted average method. Noto: Round "Cost per EUP" to 2 decimal ploces

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