Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Production: Units in process, October 1, 40% complete 5,200 Units completed and transferred out 35,360 Units in process, October 31, 60% complete 10,400 Costs: WIP, October 1 $ 41,600 Costs added during October 790,400 Required: Prepare a production report for the cutting department. Round cost per equivalent unit to the nearest cent. Use this rounded amount for further calculations. If an amoun box does not require an entry, leave it blank or enter "0".

Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Production: Units in process, October 1, 40% complete 5,200 Units completed and transferred out 35,360 Units in process, October 31, 60% complete 10,400 Costs: WIP, October 1 $ 41,600 Costs added during October 790,400 Required: Prepare a production report for the cutting department. Round cost per equivalent unit to the nearest cent. Use this rounded amount for further calculations. If an amoun box does not require an entry, leave it blank or enter "0".

Name: Total units to account forEquivalent units:Units completedUnits in en
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Description: Total units to account forEquivalent units:Units completedUnits in ending WIPTotal units accounted for:Equivalent units:Units completedUnits in ending WIPTotal equivalent unitsCost InformationCosts to account for:Beginning WIPIncurred during October

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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