80.2K

Verified Solution

Link Copied!

Please answer all the questions, according to the table format, only the answer is needed, thank you very much

Mogyardy's Mayonnaise uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the following information for the month of May: B (Click the icon to view the reported information for May.) The units in ending work in process inventory were 80% complete with respect to direct materials but only 40% complete with respect to conversion. Requirement Summarize the flow of physical units and compute output in terms of equivalent units using the weighted-average method in order to arrive at the missing figures (a) through (1). C. Complete the table below - Physical Units Equivalent Units Direct Transferred-in Materials Reported information for may Conversion Costs Units to account for: Beginning work in process Transferred in during May 33,000 228,000 Physical Units Equivalent Units Direct Transferred in Materials Conversion Costs Units to account for: Beginning work in process Total units to account for Units accounted for Completed and transferred out 33,000 228,000 Transferred in during May (a) 38,000 Ending work in process Total units to account for Units accounted for: Total units accounted for: Completed and transferred out (b) (d) Total equivalent units ) 38,000 (9) (h) 6) (k) Ending work in process (c) Total units accounted for: i) (0) Total equivalent units Print Done

Answer & Explanation Solved by verified expert

See Answer