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Lesson 3 Homework Complete and submit your work in an...

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Accounting

Lesson 3 Homework
Complete and submit your work in an Excel file to the dropbox by the Lesson 3
Deadline. Below is the assignment:
The candy making department at MyChocoCrush Company provides you with the
following information for October. All direct materials are placed in process at the
beginning of production.
The facts are:
REQUIRED: Use the weighted average process cost method to identify and classify
the costs below: HINT: Prepare a Production Cost Report first!
Determine the number of units of work in process inventory at the end of the month.
Determine the equivalent units of productions for direct materials and conversion
costs.
Determine direct materials cost per equivalent unit
Determine conversion cost per equivalent unit
Cost of units completed and transferred out during October
Cost of ending work in process
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