AAD company is reviewing the behavior of its various activities. AAD is considering various costs under process costing system. Đirect materials are added at the beginning of the process and conversion activity occurs uniformly throughout the process. The following dâta pertain to the month of May. Units Total Direct Conversion cost „Material Work in process, May 1- 60% complete 15,000 Units started during May 60,000 Units sold during May 7,000 Costs Work in process, May 1 $41,250 $16,500 $24,750 Costs incurred during May 234,630 72,000 162,630 $275,880 $88,500 $187,380 Total Using the weighted average method of procesşing costing, calculate the cost of goods completed and transferred during May.
AAD company is reviewing the behavior of its various activities. AAD is considering various costs under process costing system. Đirect materials are added at the beginning of the process and conversion activity occurs uniformly throughout the process. The following dâta pertain to the month of May. Units Total Direct Conversion cost „Material Work in process, May 1- 60% complete 15,000 Units started during May 60,000 Units sold during May 7,000 Costs Work in process, May 1 $41,250 $16,500 $24,750 Costs incurred during May 234,630 72,000 162,630 $275,880 $88,500 $187,380 Total Using the weighted average method of procesşing costing, calculate the cost of goods completed and transferred during May.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...
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