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Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Production cost Information for the forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units 33,500 470,000 468,500 35,000 Required A Required B Required C $ 55,000 22,100 1,745,000 1,154,020 Units Direct Materials Percent Complete 70% Complete this question by entering your answers in the tabs below. Direct Materials Berpent 90% Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 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. 77,100 2,899,020 $ 2,976,120 Calculate the equivalent units of production for both direct materials and conversion for the forming department. Conversion Conversion Percent Complete 30% 50% Romant

Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Production cost Information for the forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units 33,500 470,000 468,500 35,000 Required A Required B Required C $ 55,000 22,100 1,745,000 1,154,020 Units Direct Materials Percent Complete 70% Complete this question by entering your answers in the tabs below. Direct Materials Berpent 90% Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 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. 77,100 2,899,020 $ 2,976,120 Calculate the equivalent units of production for both direct materials and conversion for the forming department. Conversion Conversion Percent Complete 30% 50% Romant

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Production cost Information for the forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Required A Required B Required C Units 33,500 470,000 468,500 35,000 Completed and transferred out Ending work in process $ 55,000 22,100 Units 1,745,000 1,154,020 Complete this question by entering your answers in the tabs below. < Required A Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 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 70% Percent Complete 90% $ 77,100 EUP 2,899,020 $ 2,976,120 Calculate the equivalent units of production for both direct materials and conversion for the forming department. Direct Materials Conversion Conversion Percent Complete 30% Percent Complete 50% Required B > EUP
Transcribed Image Text:Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Production cost Information for the forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Required A Required B Required C Units 33,500 470,000 468,500 35,000 Completed and transferred out Ending work in process $ 55,000 22,100 Units 1,745,000 1,154,020 Complete this question by entering your answers in the tabs below. < Required A Exercise 16-6 (Algo) Weighted average: Cost per EUP and costs assigned to output LO P1 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 70% Percent Complete 90% $ 77,100 EUP 2,899,020 $ 2,976,120 Calculate the equivalent units of production for both direct materials and conversion for the forming department. Direct Materials Conversion Conversion Percent Complete 30% Percent Complete 50% Required B > EUP
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