Copperfield Manufacturing employs a weighted average process costing system for its products. One product passes through three departments (Molding, Assembly, and Finishing) during production. The following activity took place in the Finishing Department during April 20x6. Units in beginning inventory Units transferred in from Assembly Units spoiled Good units transferred out 4,200 42,000 2,100 33, 600 The costs per equivalent unit of production for each cost failure area as follows: Cost of prior departments Raw material $5.00 1.00 Conversion 3.00 Total cost per EUP $9.00 Raw material is added at the beginning of the Finishing process without changing the number of units being processed. Work in process inventory was 40 percent complete as to conversion on April 30. All spoilage was discovered at final inspection. Of the total units spoiled, 1,680 were within normal limits. Required: a. Calculate the equivalent units of production b. Determine the cost of units transferred out of Finishing c. Determine the cost of ending Work in Process Inventory

Copperfield Manufacturing employs a weighted average process costing system for its products. One product passes through three departments (Molding, Assembly, and Finishing) during production. The following activity took place in the Finishing Department during April 20x6. Units in beginning inventory Units transferred in from Assembly Units spoiled Good units transferred out 4,200 42,000 2,100 33, 600 The costs per equivalent unit of production for each cost failure area as follows: Cost of prior departments Raw material $5.00 1.00 Conversion 3.00 Total cost per EUP $9.00 Raw material is added at the beginning of the Finishing process without changing the number of units being processed. Work in process inventory was 40 percent complete as to conversion on April 30. All spoilage was discovered at final inspection. Of the total units spoiled, 1,680 were within normal limits. Required: a. Calculate the equivalent units of production b. Determine the cost of units transferred out of Finishing c. Determine the cost of ending Work in Process Inventory

Name: Copperfield Manufacturing employs a weighted average process costing
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Description: Copperfield Manufacturing employs a weighted average process costing system for its products. Oneproduct passes through three departments (Molding, Assembly, and Finishing) during production. Thefollowing activity took place in the Finishing Departm

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 3CMA: Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining...

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