Please do not give solution in image format thanku cesUnits to account forTotal units to account forUnits accounted forTotal units accounted forEquivalent Units of Production (EUP)Equivalent units of productionCost per EUPTotal costs-Freivalent units of nertionEquivalent units of productionCost per EUPTotal costs-Equivalent units of productionCost per equivalent unit of productionCost AssignmentCompleted and transferred outDirect matenalsConversionTotal completed and transferred outEnding work in processDirect materialsConversionTotal ending work in processTotal costs accounted forUnitsEUPEUP% CompleteCostsFLIPDirect MaterialsCostsEUPCost per EUPCost per EUPEUPDirect MaterialsDirect MaterialsTotal costTotal cost% CompleteCostsFLIPConversionCostsEUPEUPConversionConversion [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 processDirect materialsConversionCosts added this periodiDirect materials.ConversionTotal costs to account forBeginning work in process inventoryUnits started this periodCompleted and transferred outEnding work in process inventory$ 22,9502,600Unit Reconciliation349,800175,760Units2,50033,00032,5003,000$ 25,550525, 560$ 551,110DirectMaterialsPercentComplete100%100%ConversionPercentComplete20%60%Prepare the Molding department's production cost report using the weighted average method.Note: Round "Cost per EUP" to 2 decimal places.

Direct material cost is the cost of raw material produced or purchased to produce the final…

[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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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