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AccountingManagerial Accounting: The Cornerstone of Business Decision-Making7th Edition

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Chapter 6, Problem 40BEB
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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

Solutions

Chapter
Section
Problem 1DQ
Problem 2DQ
Problem 3DQ
Problem 4DQ
Problem 5DQ
Problem 6DQ
Problem 7DQ
Problem 8DQ
Problem 9DQ
Problem 10DQ
Problem 11DQ
Problem 12DQ
Problem 13DQ
Problem 14DQ
Problem 1MCQ
Problem 2MCQ
Problem 3MCQ
Problem 4MCQ
Problem 5MCQ
Problem 6MCQ
Problem 7MCQ
Problem 8MCQ
Problem 9MCQ
Problem 10MCQ
Problem 11MCQ
Problem 12MCQ
Problem 13MCQ
Problem 14MCQ
Problem 15MCQ
Problem 16MCQ
Problem 17MCQ
Problem 18MCQ
Problem 19MCQ
Problem 20MCQ
Problem 21BEA
Problem 22BEA
Problem 23BEA
Problem 24BEA
Problem 25BEA
Problem 26BEA
Problem 27BEA
Problem 28BEA
Problem 29BEA
Problem 30BEA
Problem 31BEB
Problem 32BEB
Problem 33BEB
Problem 34BEB
Problem 35BEB
Problem 36BEB
Problem 37BEB
Problem 38BEB
Problem 39BEB
Problem 40BEB
Problem 41E
Problem 42E
Problem 43E
Problem 44E
Problem 45E
Problem 46E
Problem 47E
Problem 48E
Problem 49E
Problem 50E
Problem 51E
Problem 52E
Problem 53E
Problem 54E
Problem 55E
Problem 56P
Problem 57P
Problem 58P
Problem 59P
Problem 60P
Problem 61P
Problem 62P
Problem 63P
Problem 64P
Problem 65P
Problem 66P
Problem 67P
Problem 68P
Problem 69C
Problem 70C
Problem 71C
BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Use the following information for Brief Exercises 6-39 and 6-40:

Saludable Inc. produces a freeze-dried kale powder. Drying is the first department, and its output is measured in pounds. Saludable uses the FIFO method. All manufacturing costs are added uniformly. For November, the drying department provided the following information:

Chapter 6, Problem 40BEB, Use the following information for Brief Exercises 6-39 and 6-40: Saludable Inc. produces a

6-40 (Appendix 6A) FIFO; Production Report

Refer to the information for Saludable Inc. on the previous page.

Required:

Prepare a production report.

To determine

Make production report of Company SI.

Explanation

Production Report:

The document comprises all the activities of process department related to manufacturing which occurs; in a particular period of time is called production report. It helps to identify the efficiency of process department.

Prepare production report of company SI as shown below:

Company SI
Drying Department
Production Report for November Month
FIFO Method

Unit Information

Physical Flow:
Units to accounts for:Units(pounds)Units to accounted for:Units(pounds)
Units in BWIP6,000Unit started and completed28,500
Units started32,500From BWIP6000
  Units in EWIP4000
Total units to account for38,500Total units accounted for38,500
  
Equivalent Units 
Started and completed28,500
To complete BWIP (6,000 pounds ×30%)1,800
Units in EWIP (4,000 pounds×60%)2,400
Total equivalent units32,700
Cost Information
Cost to account for:(In$)
Cost in BWIP16,380
Cost added by department130,800
Total cost to account for:147,180
Cost per equivalent unit$4.00
  
Costs to account for:(In $)
Transferred out: 
Units started and completed (28,500 pounds×$4.00)114,000
Units in BWIP: 
From prior period16,380
From current period (1,800 pounds×$4

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Ch-6 P-1DQCh-6 P-2DQCh-6 P-3DQCh-6 P-4DQCh-6 P-5DQCh-6 P-6DQCh-6 P-7DQCh-6 P-8DQCh-6 P-9DQCh-6 P-10DQ
Ch-6 P-11DQCh-6 P-12DQCh-6 P-13DQCh-6 P-14DQCh-6 P-1MCQCh-6 P-2MCQCh-6 P-3MCQCh-6 P-4MCQCh-6 P-5MCQCh-6 P-6MCQCh-6 P-7MCQCh-6 P-8MCQCh-6 P-9MCQCh-6 P-10MCQCh-6 P-11MCQCh-6 P-12MCQCh-6 P-13MCQCh-6 P-14MCQCh-6 P-15MCQCh-6 P-16MCQCh-6 P-17MCQCh-6 P-18MCQCh-6 P-19MCQCh-6 P-20MCQCh-6 P-21BEACh-6 P-22BEACh-6 P-23BEACh-6 P-24BEACh-6 P-25BEACh-6 P-26BEACh-6 P-27BEACh-6 P-28BEACh-6 P-29BEACh-6 P-30BEACh-6 P-31BEBCh-6 P-32BEBCh-6 P-33BEBCh-6 P-34BEBCh-6 P-35BEBCh-6 P-36BEBCh-6 P-37BEBCh-6 P-38BEBCh-6 P-39BEBCh-6 P-40BEBCh-6 P-41ECh-6 P-42ECh-6 P-43ECh-6 P-44ECh-6 P-45ECh-6 P-46ECh-6 P-47ECh-6 P-48ECh-6 P-49ECh-6 P-50ECh-6 P-51ECh-6 P-52ECh-6 P-53ECh-6 P-54ECh-6 P-55ECh-6 P-56PCh-6 P-57PCh-6 P-58PCh-6 P-59PCh-6 P-60PCh-6 P-61PCh-6 P-62PCh-6 P-63PCh-6 P-64PCh-6 P-65PCh-6 P-66PCh-6 P-67PCh-6 P-68PCh-6 P-69CCh-6 P-70CCh-6 P-71C

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