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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

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...
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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
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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