Please do not give solution in image format thanku Required informationSB (Algo) Calculating Physical Units, Equivalent Units and Cost per Equivalent Unit for a SubsequentDepartment[The following information applies to the questions displayed below.]Stem Games manufactures playing cards. It has three departments: Printing, Cutting & Collating, and Wrapping.Transferred-in costs are considered materials costs. The following information is available for the Wrapping department forthe month of October:Beginning work in process(100% complete for materials, 80% complete for conversion)Decks transferred inDecks completed and transferred to Finished Goods InventoryEnding Work in Process(100% complete for materials, 45% complete for conversionBeginning work in process:Direct materialsConversion costCosts transferred inOctober costs:Direct materialsConversion costsCosts:202,00021,200$1,565,085Required:$$$$E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4]24,800785,278< Prev814 of 15⠀⠀PhysicalUnits283,5003,230,0003,235,000Next > E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4]Required:1. Reconcile the total Cost to Account for the process.2. Prepare a statement of total cost accounted for the process.Complete this question by entering your answers in the tabs below.Required 1 Required 2Reconcile the total cost to account for the process.DirectMaterialsCost to Account for:Prior Period CostsCurrent Period CostsTotal Cost to Account ForRequired 1SRequired 2Conversion Total Cost0$E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4]Required:1. Reconcile the total Cost to Account for the process.2. Prepare a statement of total cost accounted for the process.Cost to Account for:Units CompletedEnding InventoryTotal Cost Accounted for:$Required 1Complete this question by entering your answers in the tabs below.Prepare a statement of total cost accounted for the process.DirectMaterials0 $0 $Conversion< Required 1Total Cost0$Required 2 >0Required 2 >

Process costing is one of the cost accounting method which is used for those businesses, under which…

E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4] Required: 1. Reconcile the total Cost to Account for the process. 2. Prepare a statement of total cost accounted for the process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reconcile the total cost to account for the process.

E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4] Required: 1. Reconcile the total Cost to Account for the process. 2. Prepare a statement of total cost accounted for the process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reconcile the total cost to account for the process.

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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