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 pare a production cost report using the FIFO method. o: Round "Cost per EUR" 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%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please answer all parts with detailed calculations and good formatting and make sure the answer is 100% correct, else leave it for the other tutor to answer. Otherwise i will downvote the answer and report it for uprofessionalism for sure. Please don't use AI or Chat GPT also make sure there is no plagiari.sm.  

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
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%
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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