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NATHAN COMPANY Production Cost Report-FINISHING DEPARTMENT Month Ended September 30, 2018 Equivalent Units Physical Units Direct Materials Conversion UNITS Costs Units to account for: Beginning work-in-process Started in production Total units to account for 500 2,200 (a) Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for (b) (d) G) 500 (e) (h) () () Direct Materials Conversion COSTS Total Costs Costs Costs to account for: Beginning work-in-process $ 1,200 $ 2,140 Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit 12,030 8,310 9,250 (k) 22,480 (m) (0) (n) 0) Costs accounted for: Completed and transferred out (9) (1) () (u) Ending work-in-process Total costs accounted for (V) (w) (x) $ 22,480

NATHAN COMPANY Production Cost Report-FINISHING DEPARTMENT Month Ended September 30, 2018 Equivalent Units Physical Units Direct Materials Conversion UNITS Costs Units to account for: Beginning work-in-process Started in production Total units to account for 500 2,200 (a) Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for (b) (d) G) 500 (e) (h) () () Direct Materials Conversion COSTS Total Costs Costs Costs to account for: Beginning work-in-process $ 1,200 $ 2,140 Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit 12,030 8,310 9,250 (k) 22,480 (m) (0) (n) 0) Costs accounted for: Completed and transferred out (9) (1) () (u) Ending work-in-process Total costs accounted for (V) (w) (x) $ 22,480

FINANCIAL ACCOUNTING
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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Preparing production cost report, missing amounts

Complete the missing amounts in the following production report. Materials are added at the beginning of the process; conversion costs are incurred evenly, the ending inventory is 60% complete. The company uses the weighted-average method.

 

NATHAN COMPANY Production Cost Report-FINISHING DEPARTMENT Month Ended September 30, 2018 Equivalent Units Physical Units Direct Materials Conversion UNITS Costs Units to account for: Beginning work-in-process Started in production Total units to account for 500 2,200 (a) Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for (b) (d) G) 500 (e) (h) () () Direct Materials Conversion COSTS Total Costs Costs Costs to account for: Beginning work-in-process $ 1,200 $ 2,140 Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit 12,030 8,310 9,250 (k) 22,480 (m) (0) (n) 0) Costs accounted for: Completed and transferred out (9) (1) () (u) Ending work-in-process Total costs accounted for (V) (w) (x) $ 22,480
Transcribed Image Text:NATHAN COMPANY Production Cost Report-FINISHING DEPARTMENT Month Ended September 30, 2018 Equivalent Units Physical Units Direct Materials Conversion UNITS Costs Units to account for: Beginning work-in-process Started in production Total units to account for 500 2,200 (a) Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for (b) (d) G) 500 (e) (h) () () Direct Materials Conversion COSTS Total Costs Costs Costs to account for: Beginning work-in-process $ 1,200 $ 2,140 Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit 12,030 8,310 9,250 (k) 22,480 (m) (0) (n) 0) Costs accounted for: Completed and transferred out (9) (1) () (u) Ending work-in-process Total costs accounted for (V) (w) (x) $ 22,480
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