(a) a physical flow schedule, (b) an equivalent unit calculation, (c) calculation of unit costs (Note: Round to four decimal places.), (d) cost of EWIP and cost of goods transferred out, and (e) a cost reconciliation. 2. Prepare journal entries that show the flow of manufacturing costs for Department A. Use a conversion cost control account for conversion costs. Many firms are now combining direct labour and overhead costs into one category. They are not tracking direct labour separately. Offer some reasons for this practice.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1. Using the weighted average method, prepare the following for Department A:

(a) a
physical flow schedule, (b) an equivalent unit calculation, (c) calculation of unit costs
(Note: Round to four decimal places.), (d) cost of EWIP and cost of goods transferred
out, and (e) a cost reconciliation.
2. Prepare journal entries that show the flow of manufacturing costs for Department A. Use
a conversion cost control account for conversion costs. Many firms are now combining
direct labour and overhead costs into one category. They are not tracking direct labour
separately. Offer some reasons for this practice.

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