Sherri Springs is a producer of flavored water. Below is the data for its production in April. Description Amount Subcategory,Work in process inventory, April 1, has 2,870 (units' equal cases): Direct Materials 12,990 Direct labor 5,910 Manufacturing overhead (1,520 machine-hours at $6 per machine-hours) 9,120Single line Single line28,020Double line Subcategory, Units started in April 8,980 Subcategory,Costs incurred in April: Direct Materials 36,150 Direct labor 55,880 Manufacturing overhead applied (13,400 machine-hours) 80,400 The ending inventory consisted of 4,690 units. These units were: 100% complete as to materials, 60% complete as to conversion. Complete a production report using the weighted average method. (Round your answers to two decimal places when needed and use rounded answers for all future calculations).
Sherri Springs is a producer of flavored water. Below is the data for its production in April. Description Amount Subcategory,Work in process inventory, April 1, has 2,870 (units' equal cases): Direct Materials 12,990 Direct labor 5,910 Manufacturing overhead (1,520 machine-hours at $6 per machine-hours) 9,120Single line Single line28,020Double line Subcategory, Units started in April 8,980 Subcategory,Costs incurred in April: Direct Materials 36,150 Direct labor 55,880 Manufacturing overhead applied (13,400 machine-hours) 80,400 The ending inventory consisted of 4,690 units. These units were: 100% complete as to materials, 60% complete as to conversion. Complete a production report using the weighted average method. (Round your answers to two decimal places when needed and use rounded answers for all future calculations).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Sherri Springs is a producer of flavored water. Below is the data for its production in April.
| Description | Amount |
|---|---|
| Subcategory,Work in process inventory, April 1, has 2,870 (units' equal cases): | |
| Direct Materials | 12,990 |
| Direct labor | 5,910 |
| Manufacturing |
9,120Single line |
| Single line28,020Double line | |
| Subcategory, | |
| Units started in April | 8,980 |
| Subcategory,Costs incurred in April: | |
| Direct Materials | 36,150 |
| Direct labor | 55,880 |
| Manufacturing overhead applied (13,400 machine-hours) | 80,400 |
The ending inventory consisted of 4,690 units. These units were: 100% complete as to materials, 60% complete as to conversion.
Complete a production report using the weighted average method.
(Round your answers to two decimal places when needed and use rounded answers for all future calculations).
Transcribed Image Text:UNITS
Units to account
for:
Beginning work-
in-process
Started in
production
Total units to
account for
Units accounted
for:
Completed and
transferred out
Ending work-in-
process
Total units
accounted for
COSTS
Costs to
account
for:
Beginning
work-in-
process
Costs
added
during
period
Total
costs to
account
for
Divided by:
Total EUP
Cost per
equivalent
unit
Costs
accounted
for:
Completed
and
transferred
out
Ending
work-in-
process
Total
costs
accounted
for
◄
Whole Units
Transferred
In
2,870✔
8,980✔
11,850✔
Sherri Springs
Transferred
In
7,160 n/a
4,690 n/a
11,850 n/a
Sherri Springs
12,990.00✓
36,150.00✔
49,140.00✔
Direct Materials Conversion Costs
11,850 ✓
4.15✓
29,691 X
19,449 X
Equivalent Units
Direct
Material
49,140.00 X
7,160✔
4,690✔
11,850✓
15,030.00✔
136,280.00✔
151,310.00✓
9,974✔
15.17 ✔
108,620 X
42,690 X
151,310.00 X
Conversion
Costs
7,160 ✓
2,814 ✓
9,974✔
Total Costs
28,020.00✔
172,430.00✓
200,450.00✓
19.32✓
138,312 X
62,138 X
200,450.00 X
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