Selected production and cost data of Amy's Craft Co. follow for May: View the production and cost data. On May31the Mixing Department ending Work-in-Process Inventory was 758omplete for materials and 25%omplete for conversion costs. The Heating Department ending Work-in-Process Inventory was 65%omplete for materials and 30%omplete for conversion costs. The company uses the weighted-average method. Read the requirements. Requirement 1. Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department. Complete the partial production cost report below for the Mixing Department, showing the equivalent units of production for direct materials and for conversion costs. Amy's Craft Co. Production Cost Report - Mixing Department (Partial) Month Ended May 31 UNITS Units accounted for: Total units accounted for Physical Units Equivalent Units Direct Materials Conversion Costs Production and Cost Data Units to account for: Beginning work-in-process, April 30 Started in May Transferred in during May Total units to account for Units accounted for: Completed and transferred out during May Ending work-in-process, May 31 Total units accounted for Mixing Department Heating Department 24,000 65,000 89,000 65,000 24,000 89,000 7,000 65,000 72,000 68,000 4,000 72,000 - X
Selected production and cost data of Amy's Craft Co. follow for May: View the production and cost data. On May31the Mixing Department ending Work-in-Process Inventory was 758omplete for materials and 25%omplete for conversion costs. The Heating Department ending Work-in-Process Inventory was 65%omplete for materials and 30%omplete for conversion costs. The company uses the weighted-average method. Read the requirements. Requirement 1. Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department. Complete the partial production cost report below for the Mixing Department, showing the equivalent units of production for direct materials and for conversion costs. Amy's Craft Co. Production Cost Report - Mixing Department (Partial) Month Ended May 31 UNITS Units accounted for: Total units accounted for Physical Units Equivalent Units Direct Materials Conversion Costs Production and Cost Data Units to account for: Beginning work-in-process, April 30 Started in May Transferred in during May Total units to account for Units accounted for: Completed and transferred out during May Ending work-in-process, May 31 Total units accounted for Mixing Department Heating Department 24,000 65,000 89,000 65,000 24,000 89,000 7,000 65,000 72,000 68,000 4,000 72,000 - X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Selected production and cost data of Amy's Craft Co. follow for May:
View the production and cost data.
On May31the Mixing Department ending Work-in-Process Inventory was 758omplete for materials and 25%omplete for conversion costs. The Heating Department ending Work-in-Process Inventory was 65%omplete for materials and 30%omplete for
conversion costs. The company uses the weighted-average method.
Read the requirements.
Requirement 1. Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department.
Complete the partial production cost report below for the Mixing Department, showing the equivalent units of production for direct materials and for conversion costs.
Amy's Craft Co.
Production Cost Report - Mixing Department (Partial)
Month Ended May 31
UNITS
Units accounted for:
Total units accounted for
Physical
Units
Equivalent Units
Direct
Materials
Conversion
Costs
Production and Cost Data
Units to account for:
Beginning work-in-process, April 30
Started in May
Transferred in during May
Total units to account for
Units accounted for:
Completed and transferred out during May
Ending work-in-process, May 31
Total units accounted for
Mixing Department Heating Department
24,000
65,000
89,000
65,000
24,000
89,000
7,000
65,000
72,000
68,000
4,000
72,000
X
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