[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 $ 22,950 2,600 Unit Reconciliation 349,800 175,760 Units 2,500 33,000 32,500 3,000 $ 25,550 525,560 $ 551,110 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.
[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 $ 22,950 2,600 Unit Reconciliation 349,800 175,760 Units 2,500 33,000 32,500 3,000 $ 25,550 525,560 $ 551,110 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
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Question
Please do not give solution in image format thanku
![ces
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
-Freivalent units of nertion
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 matenals
Conversion
Total completed and transferred out
Ending work in process
Direct materials
Conversion
Total ending work in process
Total costs accounted for
Units
EUP
EUP
% Complete
Costs
FLIP
Direct Materials
Costs
EUP
Cost per EUP
Cost per EUP
EUP
Direct Materials
Direct Materials
Total cost
Total cost
% Complete
Costs
FLIP
Conversion
Costs
EUP
EUP
Conversion
Conversion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F349709f6-3e99-49ce-9384-9f2b79e0bb19%2Fafb09f65-4437-420c-83ac-b7bccb79299b%2Fevq59nd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:ces
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
-Freivalent units of nertion
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 matenals
Conversion
Total completed and transferred out
Ending work in process
Direct materials
Conversion
Total ending work in process
Total costs accounted for
Units
EUP
EUP
% Complete
Costs
FLIP
Direct Materials
Costs
EUP
Cost per EUP
Cost per EUP
EUP
Direct Materials
Direct Materials
Total cost
Total cost
% Complete
Costs
FLIP
Conversion
Costs
EUP
EUP
Conversion
Conversion
![[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 periodi
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
$ 22,950
2,600
Unit Reconciliation
349,800
175,760
Units
2,500
33,000
32,500
3,000
$ 25,550
525, 560
$ 551,110
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%2F349709f6-3e99-49ce-9384-9f2b79e0bb19%2Fafb09f65-4437-420c-83ac-b7bccb79299b%2Fmsvfjio_processed.jpeg&w=3840&q=75)
Transcribed Image Text:[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 periodi
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
$ 22,950
2,600
Unit Reconciliation
349,800
175,760
Units
2,500
33,000
32,500
3,000
$ 25,550
525, 560
$ 551,110
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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