1 answer

Dit View Insert Format Tools Table Window Help Document14 Review View Mailings Com • AutoSave A...

Question:

dit View Insert Format Tools Table Window Help Document14 Review View Mailings Com • AutoSave A S U . me Insert Draw Design L
: References Aa Ag Mailings 0 AutoSave S U Home Insert Draw Design Layout Calibri (Bo... 12A A 3 6 1 9 • % x x Conversion c
dit View Insert Format Tools Table Window Help Document14 Review View Mailings Com • AutoSave A S U . me Insert Draw Design Layout References hX Calibri (Bo... - 12 AA Aa A ste BTV x x A-DA 211 Share Afbedde AaBb, Accode E O No Spacing Heading Styles Sense Required information The following information applies to the questions displayed below Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process Information for the month of March follows Costs Units 120,300 $ 197,000 349,000 $546,000 Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs Direct materials Conversion or Total current period costs 248.000 335,300 S 512 600 653,000 51.165.400 L Required e v erage method of process costing complete each of the following Reconcile the number of physical worked on during the period b. Calculate the number of equivalent units Calculate the cost per equivalent unit 4. Reconcile the total cost of work in process Physical Units Physical Units Beginning Unit 12,300 U s Completed Units Started 248.000 Ending Units Total Units 260,300 Total Un Equivalent Units Physical Units Direct Materials Conversion English (United States) Total Cost Accounted for 212 words Y Focus
: References Aa Ag Mailings 0 AutoSave " S U Home Insert Draw Design Layout Calibri (Bo... 12A A 3 6 1 9 • % x x Conversion cost Total current period costs Document14 Review View 2 Share ABCDE AaBbCcDate AaBb , No Spacing Heading Styles Pane 55 $1.165.400 Required: 1. Using the weighted average method of process costing, complete each of the following steps: a. Reconcile the number of physical units worked on during the period. b. Calculate the number of equivalent units c. Caloulate the cost per equivalent unit d. Reconcile the total cost of work in process. Physical Units Physical Units Beginning Units 12,300|| Units Completed Units Started 248.000 Ending Units Total Units 200,300 Total Units Equivalent Units Physical Units Direct Materials Conversion Units Completed Ending Inventory Direct Materials Conversion Cost per Equivalent Unit Direct Materials Conversion Total Cost contes Units Completed Ending Inventory Total Cost Accounted for 505050 212 words English (United States Total Cost Accounted for 5 APARPA AAQ.w

Answers

Weighted Average Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you.
Part a
Beginning units                                          120,300 Units Completed          335,300
Units started                                          248,000 Ending Units             33,000
Total Units                                          368,300 Total Units          368,300
Part b Equivalent Units
Whole Units Materials Conversion Cost
Units accounted for
Transferred out                           335,300          335,300                     335,300
Work in Process, Ending                             33,000             33,000                       21,450 100% 65%
Equivalent Units-Weighted Average                           368,300          368,300                     356,750
Part c Cost
Materials Convsersion Cost Total
Work in Process, Beginning $      197,000 $                349,000 $       546,000
add:Started into production $      512,400 $                653,000 $   1,165,400
Total Cost to account for $      709,400 $             1,002,000 $   1,711,400
Equivalent Units          368,300                     356,750
Unit Cost Total Cost/Equivalent Units 1.93 2.81 4.73
Part d Cost accounted for
Ending Inventory: Material Conversion Total
Equivalent Units                             33,000             21,450
Cost per Equivalent Unit $                             1.93 $             2.81
-Total Cost Accounted For $                         63,563 $        60,246 $                123,809
Unit Completed and transferred out
Equivalent Units                           335,300          335,300
Cost per Equivalent Unit $                             1.93 $             2.81
-Total Cost Accounted For $                      645,837 $      941,754 $             1,587,591
.

Similar Solved Questions

1 answer
Part II- Back to Running After being suspended due to her high testosterone levels, Caster attempted...
Part II- Back to Running After being suspended due to her high testosterone levels, Caster attempted to run in a race in South Africa in March 2010 and was turned away. The organizers said they were adhering to IAAF rules. In July. 2010, the lAAF anno that Caster was cleared to again compete against...
1 answer
(please bold or circle the answer that I need to input) Use the References to access...
(please bold or circle the answer that I need to input) Use the References to access important values if needed for this question. The following thermochemical equation is for the reaction of nitrogen monoxide(g) with hydrogen(g) to form N2(g) and water() 2NO(g) 2H2(g) N2(g)2H20( AH -752 kJ How many...
2 answers
Torque
An 80-N uniform plank leans against a frictionless wall as shown.The torque (about point P) applied to the plank by the wall is:______ N m....
1 answer
Tables Data Table Force Mass in grams Messing Direction Angle oso DOSO Magnitude Fame Urgentons) 0.49...
Tables Data Table Force Mass in grams Messing Direction Angle oso DOSO Magnitude Fame Urgentons) 0.49 0.99 .0192 100 04 10.10 4 100 251.5 Calculation Table Graphical Method Resultant Force Magnitude Direction Method of Components Force Magnitude Direction x-component y component Calculate the magnit...
1 answer
Write critique responses to this question: 5. Is data saturation described in this article? Abstract This...
Write critique responses to this question: 5. Is data saturation described in this article? Abstract This qualitative study used interviews to explore nurses’ perceptions of their role in protecting children and to identify any barriers to implementing the role. Participants in this study were...
1 answer
Please show steps on how to solve this problem. Thank you for your time The enthalpy...
Please show steps on how to solve this problem. Thank you for your time The enthalpy of vaporization of potassium is 89.6 k]/mol and the entropy of vaporization of potassium is 77.5 J/K mol. What is the boiling point of potassium?...
1 answer
A Moving to another question will save this response. Question 8 of 14 1 points Save...
A Moving to another question will save this response. Question 8 of 14 1 points Save and Read the NYT article and select the arguments in favor of raising the minimum wage: Paying efficiency wages (ie, higher wages) reduces turnover. minimum wage increases can be disruptive, driving a number of oper...
1 answer
Check my work 4 Fergie has the choice between investing in a State of New York...
Check my work 4 Fergie has the choice between investing in a State of New York bond at 61 percent and a Surething bond at 96 percent. Assuming that both bonds have the same nontax characteristics and that Fergie has a 30 percent marginal tax rate, what interest rate does the state of New York bond n...
1 answer
Unanswered A company is considering a project that will cost $100,000. To determine market potential, the...
Unanswered A company is considering a project that will cost $100,000. To determine market potential, the company paid $5000 to a firm to perform market research. The firm estimates that the project will produce $15,000 in the first 2 years and $25,000 in the remaining 3 years. At the end of the pro...
1 answer
(6 points) Let D be a digraph in which the sum of all of the outdegrees...
(6 points) Let D be a digraph in which the sum of all of the outdegrees is 26. (a) What must the sum of all of the indegrees be? (b) How many arcs does this digraph have?...
1 answer
1. In 2010, TIME and the Pew Research Center collaborated on a survey of 2622 U.S....
1. In 2010, TIME and the Pew Research Center collaborated on a survey of 2622 U.S. adults asking them, “Is marriage becoming obsolete?” The number of people who responded with a “yes” was 1018. We want to use these data to estimate the true proportion of U.S. adults who belie...
1 answer
QUESTION 2 What amount (in moles) of a gas is contained in 40.4 L at-82.4 °C...
QUESTION 2 What amount (in moles) of a gas is contained in 40.4 L at-82.4 °C with a pressure of 527.4 mm Hg? QUESTION 3 A flask is filled with 1.03 moles of a gas at 13.4 K and 618.9 mm Hg. The flask is then opened and an additional 1.84 moles are added. The temperature of the flask is then chan...
1 answer
Auditing
Morning Delight Company manufactures cereals and operates five factories, six warehouses and five distribution depots in major cities in Ghana. The audit for the year ended 31 December 2019 is almost complete and the financial statements and auditor’s report are due to be signed shortly. Profi...
1 answer
College Supply Company makes three types of drinking glasses: short, medium, and tall. It presently applies...
College Supply Company makes three types of drinking glasses: short, medium, and tall. It presently applies overhead using a predetermined rate based on direct labor hours. A group of company employees recommend that CSC switch to activity-based costing and identified the following activities, cost ...
1 answer
Part A Estimate the air pressure inside a category 4 hurricane, where the wind speed is...
Part A Estimate the air pressure inside a category 4 hurricane, where the wind speed is 240 km/h (see the figure). (Figure 1) Express your answer to two significant figures and include the appropriate units. P= Value Units Submit Request Answer < Return to Assignment Provide Feedback...
1 answer
Need help on 20. Thanks 20) in June an investor forms a spread by selling an...
Need help on 20. Thanks 20) in June an investor forms a spread by selling an ABC 50 Call with September expiration for 52.34/Share, and purchasing an ABC 50 call with December expiration for $3.38/share. The investor plans to close out the time spread position in September at the time of the expirat...
1 answer
The chief controller reported that $466,000 of indirect costs related to manufacturing occurred during the fiscal...
The chief controller reported that $466,000 of indirect costs related to manufacturing occurred during the fiscal year. Throughout the year, $461,000 was allocated to jobs using the plantwide allocation method. First, did the company over- or under-allocate MOH? Second, the controller now needs to c...