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 $ 31,450 3,900 Units 470,050 263, 250 3,000 39,500 39,000 3,500 $ 35,350 733,300 $ 768,650 Direct Materials Percent Complete 100% 100% Conversion Percent Complete 20% 60% Prepare the Molding department's production cost report using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places.
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 $ 31,450 3,900 Units 470,050 263, 250 3,000 39,500 39,000 3,500 $ 35,350 733,300 $ 768,650 Direct Materials Percent Complete 100% 100% Conversion Percent Complete 20% 60% Prepare the Molding department's production cost report using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Rahul
![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
$ 31,450
3,900
Units
470,050
263, 250
3,000
39,500
39,000
3,500
$ 35,350
733,300
$ 768,650
Direct
Materials
Percent
Complete
100%
100%
Conversion
Percent
Complete
20%
60%
Prepare the Molding department's production cost report using the weighted average method.
Note: Round "Cost per EUP" to 2 decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb7d0fa9d-8db0-4e82-b4af-84346309e6db%2Ff4042841-9236-44fb-8258-8b46678d658a%2F7cccyjm_processed.jpeg&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
$ 31,450
3,900
Units
470,050
263, 250
3,000
39,500
39,000
3,500
$ 35,350
733,300
$ 768,650
Direct
Materials
Percent
Complete
100%
100%
Conversion
Percent
Complete
20%
60%
Prepare the Molding department's production cost report using the weighted average method.
Note: Round "Cost per EUP" to 2 decimal places.
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