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Problem 6-43 (Algo) Weighted-Average Method [LO 6-2, 6-3, 6-4] Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 Direct materials: 100 % complete Conversion: 20% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 40% complete Costs incurred during February Direct materials Conversion Required: Using the weighted-average method, calculate the following: 3,100 trusses $ 10,580 $ 15,358 18,100 trusses 17,100 trusses $ 59,140 $ 92,192 Direct Materials Conversion 1-a. Costs per equivalent unit. Note: Round your answers to 4 decimal places. 1-b. Cost of goods completed and transferred out. Note: Round "Cost per Equivalent Units" to 4 decimal places. Round final answer to nearest whole dollars. 1-c. Costs remaining in the Work-in-Process Inventory account. Note: Round "Cost per Equivalent Units" to 4 decimal places. Do not round other intermediate calculations. Round final answer to nearest whole dollars. 2. Assume that you are the company's controller. The production department's February equivalent unit cost is higher than expected. If the manager of the first department asks you to do him a favor by increasing the ending inventory completion percentage from 40 to 60% to lower the unit costs, how much would unit cost be affected by this request? Note: Round your answers to 4 decimal places. decreases by

Problem 6-43 (Algo) Weighted-Average Method [LO 6-2, 6-3, 6-4] Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 Direct materials: 100 % complete Conversion: 20% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 40% complete Costs incurred during February Direct materials Conversion Required: Using the weighted-average method, calculate the following: 3,100 trusses $ 10,580 $ 15,358 18,100 trusses 17,100 trusses $ 59,140 $ 92,192 Direct Materials Conversion 1-a. Costs per equivalent unit. Note: Round your answers to 4 decimal places. 1-b. Cost of goods completed and transferred out. Note: Round "Cost per Equivalent Units" to 4 decimal places. Round final answer to nearest whole dollars. 1-c. Costs remaining in the Work-in-Process Inventory account. Note: Round "Cost per Equivalent Units" to 4 decimal places. Do not round other intermediate calculations. Round final answer to nearest whole dollars. 2. Assume that you are the company's controller. The production department's February equivalent unit cost is higher than expected. If the manager of the first department asks you to do him a favor by increasing the ending inventory completion percentage from 40 to 60% to lower the unit costs, how much would unit cost be affected by this request? Note: Round your answers to 4 decimal places. decreases by

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4PA: Work in process account data for two months; cost of production reports Hearty Soup Co. uses a...
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Problem 6-43 (Algo) Weighted-Average Method [LO 6-2, 6-3, 6-4] Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 Direct materials: 100 % complete Conversion: 20% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 40% complete Costs incurred during February Direct materials Conversion Required: Using the weighted-average method, calculate the following: 3,100 trusses $ 10,580 $ 15,358 18,100 trusses 17,100 trusses $ 59,140 $ 92,192 Direct Materials Conversion 1-a. Costs per equivalent unit. Note: Round your answers to 4 decimal places. 1-b. Cost of goods completed and transferred out. Note: Round "Cost per Equivalent Units" to 4 decimal places. Round final answer to nearest whole dollars. 1-c. Costs remaining in the Work-in-Process Inventory account. Note: Round "Cost per Equivalent Units" to 4 decimal places. Do not round other intermediate calculations. Round final answer to nearest whole dollars. 2. Assume that you are the company's controller. The production department's February equivalent unit cost is higher than expected. If the manager of the first department asks you to do him a favor by increasing the ending inventory completion percentage from 40 to 60% to lower the unit costs, how much would unit cost be affected by this request? Note: Round your answers to 4 decimal places. decreases by
Transcribed Image Text:Problem 6-43 (Algo) Weighted-Average Method [LO 6-2, 6-3, 6-4] Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 Direct materials: 100 % complete Conversion: 20% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 40% complete Costs incurred during February Direct materials Conversion Required: Using the weighted-average method, calculate the following: 3,100 trusses $ 10,580 $ 15,358 18,100 trusses 17,100 trusses $ 59,140 $ 92,192 Direct Materials Conversion 1-a. Costs per equivalent unit. Note: Round your answers to 4 decimal places. 1-b. Cost of goods completed and transferred out. Note: Round "Cost per Equivalent Units" to 4 decimal places. Round final answer to nearest whole dollars. 1-c. Costs remaining in the Work-in-Process Inventory account. Note: Round "Cost per Equivalent Units" to 4 decimal places. Do not round other intermediate calculations. Round final answer to nearest whole dollars. 2. Assume that you are the company's controller. The production department's February equivalent unit cost is higher than expected. If the manager of the first department asks you to do him a favor by increasing the ending inventory completion percentage from 40 to 60% to lower the unit costs, how much would unit cost be affected by this request? Note: Round your answers to 4 decimal places. decreases by
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