pter 20 ning Objectives 2,3 E20-25 Preparing production cost report, missing amo

Question

pter 20 ning Objectives 2,3 E20-25 Preparing production cost report, missing amounts Complete the missing amounts in the following production report. Materialk at the beginning of the process; conversion costs are incurred evenly the cre added inventory is 60% complete. The company uses the weighted average method. (p) $3.70 NATHAN COMPANY Production Cost Report-FINISHING DEPARTMENT Month Ended September 30, 2018 Equivalent Units Direct Conversion Physical Units Materials Costs UNITS Units to account for Beginning work-in-process Started in production 500 2,200 Total units to account for Units accounted for Completed and transferred out Ending work-in-process 500 Total units accounted for Direct Materials Conversion Costs Total Costs COSTS Costs to account for Beginning work-in-process $ 1,200 12,030 C) 8,310 9,250 $ 2,140 Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit 22,480 Costs accounted for Completed and transferred out Ending work-in-process Total costs accounted for 5 22,480

Explanation / Answer

NATHAN COMPANY Production Cost Report-FINISHING DEPARTMENT Month Ended September 30, 2018 Equivalent Units Physical Units Direct Materials Conversion Costs UNITS Units to account for: Beginning work in process 500 Started in production 2200 Total units to account for 2700 Units accounted for: Completed and transferred out 2200 2200 2200 Ending work in process 500 500 300 Total units accounted for 2700 2700 2500 COSTS Direct Materials Conversion Costs Total Costs Costs to account for: Beginning work in process 1200 940 2140 Costs added during period 12030 8310 Total costs to account for 13230 9250 22480 Divided by: Total EUP 2700 2500 Cost per equivalent unit 4.90 3.70 Costs accounted for: Completed and transferred out 10780 8140 18920 Ending work in process 2450 1110 3560 Total costs accounted for 13230 9250 22480

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.