Question 5 (18 points) Alpha Company had the following information for FY 2017:

Question

Question 5 (18 points) Alpha Company had the following information for FY 2017: Work in Process - 1/1/17 100,000 units Units Started into Production 575,000 units Work in Process 12/31/17 75,000 units Direct Material put into Production 575,000 Conversions Costs put into Production $343,750 s was 100% complete as to direct materials and 75% complete as to conversion costs. The beginning work in proces The ending work in process was 100% complete as to direct materials and 5 The beginning work in process consisted of: 0% complete as to conversion costs. Direct Material $100,000 Conversion Costs $112,500 Alpha Company uses the weighted-average method. Use this information to prepare the Cost Allocation section of the Cost of Production Report for FY 2017. (Round all final dollar values to the nearest whol additional Lines in the blank answer schedule.) e dollar.) (Note: there are

Explanation / Answer

Equivalent unit :

Calculate cost per equivalent unit :

Prepare cost schedule :

Physical unit % material % conversion cost Unit completed & transferred out 600000 100% 600000 100% 600000 Ending work in process 75000 100% 75000 50% 37500 Total equivalent unit 675000 637500

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

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