Un boat Company manufactures small pleasure boats on an assembly-line units are started in the...

90.2K

Verified Solution

Question

Accounting

image
Un boat Company manufactures small pleasure boats on an assembly-line units are started in the Department A. On July 1 of this year, the Work-in-1 the Department A consisted of 200 units 100% complete as to mat conversion. During the month, 400 units were started and 500 units were compe transferred out. The Work-in-Process on July 31 was 100% complete as to m complete as to conversion. this year, the Work-in-Process inventory of is 100% complete as to materials and 40% complete as to d 500 units were completed and $ 100% complete as to materials and 30% Costs in process at the beginning of the period amounted to $600,000 for materials and for conversion. Costs added during the period were materials costs sadded during the period were materials costs of $1,802,700 and conversion costs of $905,512. Required: Prepare a production cost report using the weighted average method

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