Required Information Use the following Information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Units Unite $ 29,950 3,540 412,450 221,250 3,000 36,500 36,000 3,500 $ 33,490 633,700 $ 667,190 Direct Materials Percent Complete 100% 100% Exercise 20-14 (Algo) Weighted average: Production cost report LO P2 Prepare the Molding department's production cost report using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places. & Completa Direct Materials Conversion Percent Complete 20% to FUD 60% Conversion ELID
Required Information Use the following Information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Units Unite $ 29,950 3,540 412,450 221,250 3,000 36,500 36,000 3,500 $ 33,490 633,700 $ 667,190 Direct Materials Percent Complete 100% 100% Exercise 20-14 (Algo) Weighted average: Production cost report LO P2 Prepare the Molding department's production cost report using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places. & Completa Direct Materials Conversion Percent Complete 20% to FUD 60% Conversion ELID
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...
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![Required Information
Use the following Information for the Exercises below. (Algo)
[The following Information applies to the questions displayed below]
The following data reports on the July production activities of the Molding department at Ash
Company.
Beginning work in process
Direct materials
Conversion
Costs added this period
Direct materials
Conversion
Total costs to account for
Beginning work in process inventory
Units started this period
Completed and transferred out
Ending work in process inventory
Unit Reconciliation
Units to account for
Total units to account for
Units accounted for
Total units accounted for
Equivalent Units of Production (EUP)
Units
Inite
$ 29,950
3,540
412,450
221,250
3,000
36,500
36,000
3,500
$ 33,490
633,700
$ 667,190
Direct
Materials
Percent
Complete
100%
100%
Exercise 20-14 (Algo) Weighted average: Production cost report LO P2
Prepare the Molding department's production cost report using the weighted average method.
Note: Round "Cost per EUP" to 2 decimal places.
% Completo
Direct Materials
Conversion
Percent
Complete
20%
60%
the
Conversion
% Complete
FUD](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F682f0dfd-2a92-4825-8dda-e1efdcb4b210%2F80a2e130-013f-4b78-be30-e28feefcc1c8%2F5puv2z1i_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required Information
Use the following Information for the Exercises below. (Algo)
[The following Information applies to the questions displayed below]
The following data reports on the July production activities of the Molding department at Ash
Company.
Beginning work in process
Direct materials
Conversion
Costs added this period
Direct materials
Conversion
Total costs to account for
Beginning work in process inventory
Units started this period
Completed and transferred out
Ending work in process inventory
Unit Reconciliation
Units to account for
Total units to account for
Units accounted for
Total units accounted for
Equivalent Units of Production (EUP)
Units
Inite
$ 29,950
3,540
412,450
221,250
3,000
36,500
36,000
3,500
$ 33,490
633,700
$ 667,190
Direct
Materials
Percent
Complete
100%
100%
Exercise 20-14 (Algo) Weighted average: Production cost report LO P2
Prepare the Molding department's production cost report using the weighted average method.
Note: Round "Cost per EUP" to 2 decimal places.
% Completo
Direct Materials
Conversion
Percent
Complete
20%
60%
the
Conversion
% Complete
FUD
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