Concrete Creations manufactures concrete bird baths that are sold through retail outlets nationwide. The bird baths are made in a two-stage process. In the Forming Department, the concrete is poured into silicone molds where it is allowed to cure and set. Once set, the birdbaths are removed from the mold and sent to the Finishing Department where any imperfections are removed and the birdbaths are sprayed with a special sealant. Information for the Forming Department for the month of May is provided below. Assume that Concrete Creations uses the weighted-average method for cost allocation. Compute the cost per equivalent units of production for the Forming Department
Concrete Creations manufactures concrete bird baths that are sold through retail outlets nationwide. The bird baths are made in a two-stage process. In the Forming Department, the concrete is poured into silicone molds where it is allowed to cure and set. Once set, the birdbaths are removed from the mold and sent to the Finishing Department where any imperfections are removed and the birdbaths are sprayed with a special sealant. Information for the Forming Department for the month of May is provided below. Assume that Concrete Creations uses the weighted-average method for cost allocation. Compute the cost per equivalent units of production for the Forming Department
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Concrete Creations manufactures concrete bird baths that are sold through retail outlets nationwide. The bird baths are made in a two-stage process. In the Forming Department, the concrete is poured into silicone molds where it is allowed to cure and set. Once set, the birdbaths are removed from the mold and sent to the Finishing Department where any imperfections are removed and the birdbaths are sprayed with a special sealant.
Information for the Forming Department for the month of May is provided below.
Assume that Concrete Creations uses the weighted-average method for cost allocation. Compute the cost per equivalent units of production for the Forming Department
Transcribed Image Text:Percent Complete
Units
Materials
Conversion
Work in Process, Beginning
10,000
100%
60%
Started into Production
90,000
Completed and Transferrred Out
Work in Process, Ending
80,000
20,000
100%
40%
Materials
Conversion
Work in Process, beginning
2$
12,600 $
12,400
Cost added during period
167,400 $
119,350
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