Weygandt, Financial& Managerial Accounting, 2e Problem 17-5A (Part Level Submiss

Question

Weygandt, Financial& Managerial Accounting, 2e Problem 17-5A (Part Level Submission) Polk Company manufactures basketbals. Materials are added at the beginning of the production process uniformiy. Production and cost data for the month of July 2017 are as fallows and conversion coats are indurred Complete txercise 17:15P n process units, July Units started into production Wiark in process units, July 3 1,400 570 40% Wark in procesm, July 1 $750 Matenals Canversion costs 610 $1,360 2.320 ,510 1,280 Direct materials (a1) Equivaient Units Attempts: 0 of 3 used OR LATER (a2) MacBoo

Explanation / Answer

Calculate equivalent unit-weighted average method :

Unit transfered out

(550+1400-570)

Physical unit % material % conversion cost

Unit transfered out

(550+1400-570)

1380 100% 1380 100% 1380 Ending work in process 570 100% 570 40% 228 Equivalent unit of production 1950 1608

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

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