80.2K

Verified Solution

Link Copied!

The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company Its production output is sent to the next department. All direct materials are added products when processing begins. Beginning work in process inventory is 20% complete with respect to conversio Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 35,500 EUP 3,000 EUP 38,500 EUP Conversion 35,500 EUP 1,800 EUP 37,300 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 24,150 403,200 $427,350 Conversion $ 2.900 213,440 $ 216,340 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in process 2,500 36,000 35,500 3,000 Prey 5 of 10 Next 6 Prepare its process cost summary using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Charged to Production Costs of beginning work in process Costs incurred this period Total costs to account for 5 0.00 Total costs accounted for Difference due to rounding costunit $ 0.00 Unit Reconciliation Units to account for Beginning work in process Units started this period Total units to account for Total units accounted for Completed and transferred out Ending work in process Total units accounted for Equivalent Units of Production (EUP) Weighted Average Method Units % Materials Units completed and transferred out Units of ending work in process EUP. Materials % Conversion EUP. Conversion Prey 6 of 10 HIE Next > ed information % Materials EUP Materials % Conversion EUP.Comminton Units completed and transferred out of ending work in process Equivalent units of production Materials Conversion Cost of beginning work in process Costs incurred this period Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Costs EUP Costs EUP 0 EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process EUP Cost per Total cost S EUP 0.00 000 S 16 Required Homework Saved Required information Costs www Costs incurred this period Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Costs EUP EUP 0 0 EUP Cost per EUP Total cost 1 Direct materials Conversion Total transferred out EUP Cost per Total cost Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for $ 5 EUP 0.00 0.00

Answer & Explanation Solved by verified expert

See Answer