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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 Reconciliation s to account for al units to account for saccounted for al units accounted for ivalent Units of Production (EUP) ivalent units of production t per EUP al costs quivalent units of production t per equivalent unit of production t Assignment npleted and transferred out Direct materials Conversion otal completed and transferred out ing work in process Direct materials Conversion otal ending work in process al costs accounted for Units EUP $ 43,950 5,360 EUP Units 490,050 280,730 pare the Molding department's production cost report using the weighted average method. e: Round "Cost per EUP" to 2 decimal places. 4,000 40,500 40,000 4,500 Direct Materials Percent Complete. 100% 770,780 $ 820,090 100% Costs EUP $ 49,310 Direct Materials % Complete Cost per EUP Cost per EUP $ $ 0.00 0.00 Conversion Percent Completel 20% 60% EUP Direct Materials Total cost Total cost 0 Conversion % Complete Costs EUP EUP Conversion

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 Reconciliation s to account for al units to account for saccounted for al units accounted for ivalent Units of Production (EUP) ivalent units of production t per EUP al costs quivalent units of production t per equivalent unit of production t Assignment npleted and transferred out Direct materials Conversion otal completed and transferred out ing work in process Direct materials Conversion otal ending work in process al costs accounted for Units EUP $ 43,950 5,360 EUP Units 490,050 280,730 pare the Molding department's production cost report using the weighted average method. e: Round "Cost per EUP" to 2 decimal places. 4,000 40,500 40,000 4,500 Direct Materials Percent Complete. 100% 770,780 $ 820,090 100% Costs EUP $ 49,310 Direct Materials % Complete Cost per EUP Cost per EUP $ $ 0.00 0.00 Conversion Percent Completel 20% 60% EUP Direct Materials Total cost Total cost 0 Conversion % Complete Costs EUP EUP Conversion

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for Units EUP $ 43,950 5,360 EUP Units 490,950 280,730 Prepare the Molding department's production cost report using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places. 4,000 40,500 40,000 4,500 Direct Materials. Percent Complete 100% 100% 779,780 $ 820,090 % Complete Costs EUP $ 49,310 Direct Materials Cost per EUP Cost per EUP S $ 0.00 0.00 Conversion Percent Complete 20% 60% EUP Direct Materials Total cost Total cost 0 Conversion % Complete Costs EUP EUP Conversion 0
Transcribed Image Text: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 Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for Units EUP $ 43,950 5,360 EUP Units 490,950 280,730 Prepare the Molding department's production cost report using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places. 4,000 40,500 40,000 4,500 Direct Materials. Percent Complete 100% 100% 779,780 $ 820,090 % Complete Costs EUP $ 49,310 Direct Materials Cost per EUP Cost per EUP S $ 0.00 0.00 Conversion Percent Complete 20% 60% EUP Direct Materials Total cost Total cost 0 Conversion % Complete Costs EUP EUP Conversion 0
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