Prepare the Molding department's production cost report using the weighted average method (Round "Cost per EUP" to 2 decimal places.) 4 Book Hint kipped Print Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) ferences Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP ✓ Total costs -Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Total costs -Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for Units EUP EUP EUP EUP Direct Materials Direct Materials % Complete EUP Costs EUP Cost per EUP Cost per EUP Costs EUP CHO Direct Materials Cost per EUP Cost per EUP S 0.00 $ 0.00 Total cost Total cost 0 Total cost M Total cost Conversion 0 % Complete Costs EUP Conversion EVD Costs EUP EUP Conversion

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Required information
Use the following information for the Exercises below. (Static)
[The following information applies to the questions displayed below]
The following data reports on the July production activities of the Molding department at Ash Company.
Beginning work in process
Direct materials
Conversion
Costs added this period
Direct materials
Conversion
Total costs to account for
Beginning work in process inventory
MA
Units started this period
Completed and transferred out
Ending work in process inventory
$ 18,550
2,280
357,500
188,670.
$ 20,830
546,170
$ 567,000
Units
2,000
32,500
32,000
2,500
Direct
Materials
Percent
Complete
100%
100%
Conversion
Percent
Complete
20%
60%
Transcribed Image Text:Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below] The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Beginning work in process inventory MA Units started this period Completed and transferred out Ending work in process inventory $ 18,550 2,280 357,500 188,670. $ 20,830 546,170 $ 567,000 Units 2,000 32,500 32,000 2,500 Direct Materials Percent Complete 100% 100% Conversion Percent Complete 20% 60%
Exercise 16-14 (Static) Weighted average: Production cost report LO P2
Prepare the Molding department's production cost report using the weighted average method. (Round "Cost per EUP" to 2 decimal
places.)
4
kipped
Book
Hint
Unit Reconciliation
Unite to account for
Total units to account for
Units accounted for
Total units accounted for
Equivalent Units of Production (EUP)
Print
Ferences
wwwwww.
Equivalent Units of Production (EUP)
Equivalent units of production
Cost per EUP
✓
Total costs
-Equivalent units of production
Cost per equivalent unit of production
Cost Assignment
Completed and transferred out
Direct materials
Conversion
Total completed and transferred out
Ending work in process
Total costs
-Equivalent units of production
Cost per equivalent unit of production
Cost Assignment
Completed and transferred out
Direct materials
Conversion
Total completed and transferred out
Ending work in process
Direct materials
Conversion
Total ending work in process
Total costs accounted for
Holte
Units
EUP
EUP
EUP
→
EUP
Direct Materials
W. Completa
Direct Materials
% Complete
Costs
EUP
Cost per EUP
Cost per EUP
Costs
EUP
Cost per EUP
CHO & Pamata EHD
Direct Materials
Cost per EUP
$
0.00
$
0.00
EUP
Total cost
Total cost
0
Total cost
Total cost
Conversion
0
% Complete
Conversion
Costs
EUP
Costs
EUP
EUP
Conversion
0
Transcribed Image Text:Exercise 16-14 (Static) Weighted average: Production cost report LO P2 Prepare the Molding department's production cost report using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) 4 kipped Book Hint Unit Reconciliation Unite to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Print Ferences wwwwww. Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP ✓ Total costs -Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Total costs -Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for Holte Units EUP EUP EUP → EUP Direct Materials W. Completa Direct Materials % Complete Costs EUP Cost per EUP Cost per EUP Costs EUP Cost per EUP CHO & Pamata EHD Direct Materials Cost per EUP $ 0.00 $ 0.00 EUP Total cost Total cost 0 Total cost Total cost Conversion 0 % Complete Conversion Costs EUP Costs EUP EUP Conversion 0
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