Beginning work in process inventory Units started this period Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units 30,000 390,000 380,000 40,000 Completed and transferred out Ending work in process inventory Production cost information for the forming department follows. $ 50,200 18,900 1,507,160 1,031,660 Required A Required B Required C Direct Materials Percent Complete 80% 80% $ 69,100 Direct Materials 2,538,820 $ 2,607,920 Complete this question by entering your answers in the tabs below. Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 Conversion Percent Complete 20% a. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. b. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming departme c. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred painting and its ending work in process inventory. 30% Calculate the equivalent units of production for both direct materials and conversion for the forming department. Conversion
Beginning work in process inventory Units started this period Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units 30,000 390,000 380,000 40,000 Completed and transferred out Ending work in process inventory Production cost information for the forming department follows. $ 50,200 18,900 1,507,160 1,031,660 Required A Required B Required C Direct Materials Percent Complete 80% 80% $ 69,100 Direct Materials 2,538,820 $ 2,607,920 Complete this question by entering your answers in the tabs below. Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 Conversion Percent Complete 20% a. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. b. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming departme c. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred painting and its ending work in process inventory. 30% Calculate the equivalent units of production for both direct materials and conversion for the forming department. Conversion
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 12E: a. Based on the data in Exercise 17-11, determine the following: 1. Cost of beginning work in...
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