12) The first production department of Pettis Manufacturing reports the following for April. Units Beginning work in process inventory Units started this period Conversion Costs added this period 300,000 Direct materials 1,610,000 Completed and transferred out Ending work in process inventory 410,000 The first production department reports the following cost information below. Beginning work in process inventory Direct materials Direct Materials Conversion Percent Percent Complete 1,500,000 60% 80% $ 592,360 242,970 $ 4,251,840 Complete 40% 30% $ 835,330 $ 7,498,320 Conversion 3,246, 480 Using the weighted-average method, compute cost per equivalent unit for both direct materials and 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 16E: Cost of production report The debits to Work in ProcessRoasting Department for Morning Brew Coffee...
icon
Related questions
icon
Concept explainers
Topic Video
Question

svita

12) The first production department of Pettis Manufacturing reports the following for April.
Units
Beginning work in process
inventory
Units started this period
300,000
Conversion
Costs added this period
Direct materials
1,610,000
Completed and transferred out
Ending work in process inventory
410,000
The first production department reports the following cost information below.
Beginning work in process inventory
Direct materials
Direct Materials Conversion Percent
Percent Complete
1,500,000
60%
80%
$ 592,360
242,970
$ 4,251,840
Complete
40%
308
$ 835,330
$ 7,498,320
Conversion
3,246, 480
Using the weighted-average method, compute cost per equivalent unit for both direct materials and conversion.
Transcribed Image Text:12) The first production department of Pettis Manufacturing reports the following for April. Units Beginning work in process inventory Units started this period 300,000 Conversion Costs added this period Direct materials 1,610,000 Completed and transferred out Ending work in process inventory 410,000 The first production department reports the following cost information below. Beginning work in process inventory Direct materials Direct Materials Conversion Percent Percent Complete 1,500,000 60% 80% $ 592,360 242,970 $ 4,251,840 Complete 40% 308 $ 835,330 $ 7,498,320 Conversion 3,246, 480 Using the weighted-average method, compute cost per equivalent unit for both direct materials and conversion.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning