Please do not give solution in image format thanku ItranscriptRequired informationUse the following information for the Exercises below. (Algo)[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 materials.ConversionCosts added this periodDirect materialsConversionTotal costs to account forBeginning work in process inventoryUnits started this periodCompleted and transferred outEnding work in process inventory$ 24,1502,900Units403,200213,4402,50036,00035,5003,000$ 27,050616,640$ 643,690DirectMaterialsPercentComplete100%100%ConversionPercentComplete20%60%Exercise 16-14 (Algo) Weighted average: Production cost report LO P2 Prepare the Molding department's production cost report using the weighted average method. (Round "Cost per EUP" to 2 decimalplaces.)Unit ReconciliationUnits to account forTotal units to account forUnits accounted for iTotal units accounted forEquivalent Units of Production (EUP)Equivalent units of productionCost per EUPEquivalent units of productionCost per EUPTotal costs-Equivalent units of productionCost per equivalent unit of productionCost AssignmentCompleted and transferred outDirect materialsConversionTotal completed and transferred outEnding work in processDirect materialsConversionTotal ending work in processTotal costs accounted forUnitsEUPEUPUnits% Complete% CompleteDirect MaterialsCostsEUPDirect MaterialsCost per EUPCost per EUP$S0.000.00Direct MaterialsEUPEUPDirect MaterialsTotal costTotal cost0% CompleteConversion% CompleteCostsEUPConversionEUPEUPConversionConversion04

Under Weighted Average Method Opening Work in Process is assumed to be fully completed in the month…

the following information for the Exercises below. (Algo) following information applies to the questions displayed below.) following data reports on the July production activities of the Molding department at Ash Company. ginning work in process Direct materials Conversion lded this period $ 24,150 2,900 $ 27,050

the following information for the Exercises below. (Algo) following information applies to the questions displayed below.) following data reports on the July production activities of the Molding department at Ash Company. ginning work in process Direct materials Conversion lded this period $ 24,150 2,900 $ 27,050

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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