Please do not give solution in image format thanku Consider the following data for the assembly division of Company, Inc,The assembly division uses the weighted-average method of process costingBeginning work inprocess (May 1st) (a)Started in May 2013Completed during May2013Ending work in Process(May 31)(b)Total Costs addedduring May 2013PhysicalUnits100510E450רחור160DirectMaterials.$547,100$3,85,600ConversionCosts$141,600(a) degree of comlpetion direct materials,80%; conversion costs, 35%(b) degree of completion : direct materials, 80%; conversion costs, 80%$1,748,4601. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of yourscheduleUsing FIFO METHOD of process costing instead of weighted-average method.2.Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of yourschedule.3.Use FIFO METHOD to summarize total costs to acocunt for, calculate cost per equivalent unit for direct materials andconversion costs, and assign total costs to units completed (and transferred out) and to units in ending work in process.

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Description: Please do not give solution in image format thanku Consider the following data for the assembly division of Company, Inc,The assembly division uses the weighted-average method of process costingBeginning work inprocess (May 1st) (a)Started in May 201

Statement of Equivalent Production(Weighted Average Method)ParticularsTotal UnitsEquivalent…

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Consider the following data for the assembly division of Company, Inc, The assembly division uses the weighted-average method of process costing Beginning work in process (May 1st) (a) Started in May 2013 Completed during May 2013 Ending work in Process (May 31)(b) Total Costs added during May 2013 Physical Units 100 F 510 Im 450 160 Direct Materials $547,100 $3,85,600 Conversion Costs $141,600 (a) degree of comlpetion : direct materials,80%; conversion costs, 35% (b) degree of completion : direct materials, 80%; conversion costs, 80% 1. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule $1,748,460 Using FIFO METHOD of process costing instead of weighted-average method. 2.Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule 3.Use FIFO METHOD to summarize total costs to acocunt for, calculate cost per equivalent unit for direct materials and conversion costs, and assign total costs to units completed (and transferred out) and to units in ending work in process.

Consider the following data for the assembly division of Company, Inc, The assembly division uses the weighted-average method of process costing Beginning work in process (May 1st) (a) Started in May 2013 Completed during May 2013 Ending work in Process (May 31)(b) Total Costs added during May 2013 Physical Units 100 F 510 Im 450 160 Direct Materials $547,100 $3,85,600 Conversion Costs $141,600 (a) degree of comlpetion : direct materials,80%; conversion costs, 35% (b) degree of completion : direct materials, 80%; conversion costs, 80% 1. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule $1,748,460 Using FIFO METHOD of process costing instead of weighted-average method. 2.Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule 3.Use FIFO METHOD to summarize total costs to acocunt for, calculate cost per equivalent unit for direct materials and conversion costs, and assign total costs to units completed (and transferred out) and to units in ending work in process.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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