EJ-KD manufactures plastic cups that undergo two departments during the process (molding & packaging. > During the year-end, the pollowing production information have been obtained from departments Molding Wip, beginning units 25.000 started units 60,000 Wir ending units 11,500 Cost Added Direct material Conversion Cost beginning Balances WIP, beginning Direct material Conversion Cost Direct materials are 160,000 80,000 21,650 10,000 11,650 100% completed Conversion cost is 25% completed Packaging 500 both 100,000 90,000 11,937.50 10,250.00 1,687,50 Direct materials Completed are 100% Conversion cost is 70% completed using weighted average process costing method the equivalent units of packaging Department is :
EJ-KD manufactures plastic cups that undergo two departments during the process (molding & packaging. > During the year-end, the pollowing production information have been obtained from departments Molding Wip, beginning units 25.000 started units 60,000 Wir ending units 11,500 Cost Added Direct material Conversion Cost beginning Balances WIP, beginning Direct material Conversion Cost Direct materials are 160,000 80,000 21,650 10,000 11,650 100% completed Conversion cost is 25% completed Packaging 500 both 100,000 90,000 11,937.50 10,250.00 1,687,50 Direct materials Completed are 100% Conversion cost is 70% completed using weighted average process costing method the equivalent units of packaging Department is :
EJ-KD manufactures plastic cups that undergo two departments during the process (molding & packaging. > During the year-end, the pollowing production information have been obtained from departments Molding Wip, beginning units 25.000 started units 60,000 Wir ending units 11,500 Cost Added Direct material Conversion Cost beginning Balances WIP, beginning Direct material Conversion Cost Direct materials are 160,000 80,000 21,650 10,000 11,650 100% completed Conversion cost is 25% completed Packaging 500 both 100,000 90,000 11,937.50 10,250.00 1,687,50 Direct materials Completed are 100% Conversion cost is 70% completed using weighted average process costing method the equivalent units of packaging Department is :
Using weighted average process costing method the equivalent units of packaging Department is
Transcribed Image Text:EJ-KD manufactures plastic cups that undergo
two departments during the process (molding &
packaging
During the year-end, the following production.
information have been obtained from
departments:
Molding
Wip, beginning units 25.000
started units
60,000
Wir ending units
11,500
Cost Added
Direct material
Conversion cost.
Balances
WIP, beginning
Direct material.
Conversion cost
Beginning
Direct materials are
160,000
80,000
21,650
10,000
11,650
100% completed
Conversion cost is 25%
completed
Packaging
500
both
100,000
90,000
11,937.50
10,250.00
1,687,50
Direct Materials
Completed
are 100%
Conversion cost is 70%.
completed
using weighted average process costing
method i the equivalent units of
packaging Department is :
C
e
C
Definition Definition Operation costing method employed to determine the value of a product at each process or stage of the production process, applicable where goods produced from a series of continuous operations or procedure. Process costing is employed by businesses that manufacture goods and where production is in repetitive inflow.
Expert Solution
Step 1
Process costing is one of the accounting techniques that allots the same overhead to each product regardless of how much of it is consumed. This costing method makes the assumption that each product uses the same amount of overhead. Work-in-progress items are those that are not yet complete at the conclusion of each accounting period. This procedure aids in assigning the expense to them as this work-in-progress also uses some overhead.
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