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Beginning work in process inventory Units started this period Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units 30,000 390,000 380,000 40,000 Completed and transferred out Ending work in process inventory Production cost information for the forming department follows. $ 50,200 18,900 1,507,160 1,031,660 Required A Required B Required C Direct Materials Percent Complete 80% 80% $ 69,100 Direct Materials 2,538,820 $ 2,607,920 Complete this question by entering your answers in the tabs below. Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 Conversion Percent Complete 20% a. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. b. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming departme c. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred painting and its ending work in process inventory. 30% Calculate the equivalent units of production for both direct materials and conversion for the forming department. Conversion

Beginning work in process inventory Units started this period Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units 30,000 390,000 380,000 40,000 Completed and transferred out Ending work in process inventory Production cost information for the forming department follows. $ 50,200 18,900 1,507,160 1,031,660 Required A Required B Required C Direct Materials Percent Complete 80% 80% $ 69,100 Direct Materials 2,538,820 $ 2,607,920 Complete this question by entering your answers in the tabs below. Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 Conversion Percent Complete 20% a. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. b. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming departme c. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred painting and its ending work in process inventory. 30% Calculate the equivalent units of production for both direct materials and conversion for the forming department. Conversion

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Beginning work in process inventory Units started this period Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Completed and transferred out Ending work in process inventory Production cost information for the forming department follows. Units 30,000 390,000 380,000 40,000 Required A Required B Required C $50,200 18,900 Completed and transferred out Ending work in process 1,507,160 1,031,660 Units 380,000 40,000 Complete this question by entering your answers in the tabs below. Direct Materials Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 Percent Complete 80% a. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. b. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department c. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred to painting and its ending work in process inventory. Direct Materials Percent Complete 100% 80% $ 69,100 2,538,820 $ 2,607,920 Calculate the equivalent units of production for both direct materials and conversion for the forming department. 80% EUP Conversion Percent Complete 20% 380,000 32,000 412,000 30% Percent Complete Conversion 100% 30% EUP 380,000 380,000
Transcribed Image Text:Beginning work in process inventory Units started this period Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Completed and transferred out Ending work in process inventory Production cost information for the forming department follows. Units 30,000 390,000 380,000 40,000 Required A Required B Required C $50,200 18,900 Completed and transferred out Ending work in process 1,507,160 1,031,660 Units 380,000 40,000 Complete this question by entering your answers in the tabs below. Direct Materials Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 Percent Complete 80% a. Calculate the equivalent units of production for both direct materials and conversion for the Forming department. b. Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department c. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred to painting and its ending work in process inventory. Direct Materials Percent Complete 100% 80% $ 69,100 2,538,820 $ 2,607,920 Calculate the equivalent units of production for both direct materials and conversion for the forming department. 80% EUP Conversion Percent Complete 20% 380,000 32,000 412,000 30% Percent Complete Conversion 100% 30% EUP 380,000 380,000
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