Required information [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 Units started this period Completed and transferred out Ending work in process inventory $ 22,950 2,600 Units Prepare a production cost report using the FIFO method. Note: Round "Cost per EUP" to 2 decimal places. 349,800 175,760 2,500 33,000 32,500 3,000 $ 25,550 525,560 $ 551,110 Direct Materials. Percent Complete 100% 100% Conversion Percent Complete 20% 60%
Required information [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 Units started this period Completed and transferred out Ending work in process inventory $ 22,950 2,600 Units Prepare a production cost report using the FIFO method. Note: Round "Cost per EUP" to 2 decimal places. 349,800 175,760 2,500 33,000 32,500 3,000 $ 25,550 525,560 $ 551,110 Direct Materials. Percent Complete 100% 100% Conversion Percent Complete 20% 60%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please do not give solution in image format thanku
![Unit reconciliation
Units to account for
Total units to account for
Units accounted for
Total units accounted for
Equivalent units of production (EUP) - FIFO method
Equivalent Units of Production
Cost per EUP
+ Equivalent units of production
Cost assignment
Beginning work in process
To complete beginning work in process
Direct materials
Conversion
Started and completed
Direct materials
Conversion
Completed and transferred out
Ending work in process
Direct materials
Conversion
Total costs accounted for
Units
EUP
EUP
EUP
Direct Materials
% Added
Cost per EUP
Cost per EUP
Cost per EUP
EUP
Direct Materials
Total cost
Total cost
Total cost
% Added
Conversion
EUP
Conversion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd3824b55-af29-4e78-943b-f923818c94e5%2F48b992c1-adc8-4322-a73d-721124aba3a3%2Fcfyndro_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Unit reconciliation
Units to account for
Total units to account for
Units accounted for
Total units accounted for
Equivalent units of production (EUP) - FIFO method
Equivalent Units of Production
Cost per EUP
+ Equivalent units of production
Cost assignment
Beginning work in process
To complete beginning work in process
Direct materials
Conversion
Started and completed
Direct materials
Conversion
Completed and transferred out
Ending work in process
Direct materials
Conversion
Total costs accounted for
Units
EUP
EUP
EUP
Direct Materials
% Added
Cost per EUP
Cost per EUP
Cost per EUP
EUP
Direct Materials
Total cost
Total cost
Total cost
% Added
Conversion
EUP
Conversion
![Required information
[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
Units started this period
Completed and transferred out
Ending work in process inventory
$ 22,950
2,600
Units
349,800
175,760
2,500
33,000
Prepare a production cost report using the FIFO method.
Note: Round "Cost per EUP" to 2 decimal places.
32,500
3,000
$ 25,550
525,560
$ 551,110
Direct
Materials
Percent
Complete
100%
100%
Conversion
Percent
Complete
20%
60%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd3824b55-af29-4e78-943b-f923818c94e5%2F48b992c1-adc8-4322-a73d-721124aba3a3%2Fvt7l55_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[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
Units started this period
Completed and transferred out
Ending work in process inventory
$ 22,950
2,600
Units
349,800
175,760
2,500
33,000
Prepare a production cost report using the FIFO method.
Note: Round "Cost per EUP" to 2 decimal places.
32,500
3,000
$ 25,550
525,560
$ 551,110
Direct
Materials
Percent
Complete
100%
100%
Conversion
Percent
Complete
20%
60%
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