Can you prepare the molding department production cost report using the weighted average method pleass education.com/ext/map/index.html? con-con&external browser=0&launchUrl=https%253A rk Saved mheduca Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process. Direct materials Conversion Costs added this period. Direct materials Conversion Total costs to account for $ 28,450 3,180 $ 31,630 358,450 182,850 541,300 $572,930 Direct Materials Conversion Percent Percent Units Beginning work in process inventory 3,000 Complete 100% Complete 20% Units started this period 33,500 Completed and transferred out 33,000 Ending work in process inventory 3,500 100% 60% Exercise 16-14 (Algo) Weighted average: Production cost report LO P2 < Prev 6 of 7 Next >

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Can you prepare the molding department production
cost report using the weighted average method pleass
education.com/ext/map/index.html? con-con&external browser=0&launchUrl=https%253A
rk
Saved
mheduca
Required information
Use the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
The following data reports on the July production activities of the Molding department at Ash Company.
Beginning work in process.
Direct materials
Conversion
Costs added this period.
Direct materials
Conversion
Total costs to account for
$ 28,450
3,180
$ 31,630
358,450
182,850
541,300
$572,930
Direct
Materials Conversion
Percent
Percent
Units
Beginning work in process inventory
3,000
Complete
100%
Complete
20%
Units started this period
33,500
Completed and transferred out
33,000
Ending work in process inventory
3,500
100%
60%
Exercise 16-14 (Algo) Weighted average: Production cost report LO P2
< Prev
6 of 7
Next >
Transcribed Image Text:Can you prepare the molding department production cost report using the weighted average method pleass education.com/ext/map/index.html? con-con&external browser=0&launchUrl=https%253A rk Saved mheduca Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process. Direct materials Conversion Costs added this period. Direct materials Conversion Total costs to account for $ 28,450 3,180 $ 31,630 358,450 182,850 541,300 $572,930 Direct Materials Conversion Percent Percent Units Beginning work in process inventory 3,000 Complete 100% Complete 20% Units started this period 33,500 Completed and transferred out 33,000 Ending work in process inventory 3,500 100% 60% Exercise 16-14 (Algo) Weighted average: Production cost report LO P2 < Prev 6 of 7 Next >
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