(Solution) 11) The Following Partially Completed Process Cost Summary Describes The July Production Activities Of Ashad Company. Its Production Output Is Sent... | Snapessays.com


(Solution) 11) The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent...


11) The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion.    Equivalent units of production    (weighted-average method) Direct Materials Conversion   Units transferred out 42,500   42,500     Units of ending work in process  4,600   2,760            Equivalent units of production 47,100   45,260             Costs per EUP Direct Materials Conversion   Costs of beginning work in process $   28,000     $ 3,225        Costs incurred this period   567,500       283,170           Total costs $ 595,500     $ 286,395                 Units in beginning work in process  (all completed during July) 4,100     Units started this period 43,000     Units completed and transferred out 42,500     Units in ending work in process 4,600     Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.)

 


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This question was answered on: May 23, 2022

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