Costs per equivalent uni of direct materials and conversion included in the June 1 beginning work in process (If required, round your answers to two decimal places.) Direct materials cost per equi. sent unit 24,800 Conversion cost per equivalent units 24,800 x The June increase or decrease in costs per equivalent unit for direct materials and conversion from the previous month (May) (If required, round your answers to two decimal places.) Increase or Decrease Amount Decrease 24,800 X Increase 24,800 X Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit ✓

Godo

Current Attempt in Progress The Assembly Department of Concord Company has the following production and cost data at the end of May, 2022, its first period of operations. Production: Manufacturing Costs: Prepare a production cost report for the month of May using weighted-average process costing. (Do not leave any answer field blank. Enter O for amounts.) (Round unit costs answers to 2 decimal places, e.g. 52.75.) QUANTITIES Units to be accounted for Work in process inventory, May 1 Started into production 34,200 units started into production; 28,500 units completed and transferred out and 5,700 units 100% completed as to materials and 40 % completed as to conversion costs. Materials added at beginning of process, $112,860; labor, $85,500; overhead $77,634. Total units to be accounted for Units accounted for Completed and transferred out Work in process inventory, May 31 Total units accounted for Q Search Physical Units CONCORD COMPANY Assembly Department-Production Cost Report For the…

Process costing system: Use weighted average method to prepare cost of production report for April (must show calculations or no credit; round off unit costs to 3 decimal places)   April 1 beginning inventory/WIP                                    800  units During April units started:                                          10,000  units April 30, ending inventory/WIP                                      1,800 units   Completion rates:         April 1 direct materials:   75%;   conversion costs: 40%                                     April 30 direct materials: 30%;   conversion costs: 20%   Work-in-Process account cost information: Beginning inventory – direct materials                                       $   22,000 Beginning inventory – conversion costs                                           35,000 April direct materials used                                                              50,000 April conversion costs…

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Prepare General journal entries for the given question

Required Information Problem 8-57 (Static) Compute Equivalent Units (LO 8-1, 3, 5) [The following information applies to the questions displayed below.] Select the best answer for each of the following independent multiple-choice questions. Problem 8-57 (Static) Part a Required: a. Hillger Paints production cycle starts in Department A. The following Information is available for April: Work in process, April 1 (30% complete) Started in April Work in process, April 30 ( 70% complete) Materials are added at the beginning of the process in Department A. Using the weighted-average method, what are the equivalent units of production for the month of April? Multiple Choice Materials 343,000; Conversion 368,500 Materials 343,000: Conversion 387100 Materials 450,000; Conversion 412,500 Materials 450,000; Conversion 431,100 Units 85,000 365,000 63,000 None of the options are correct

Please do not give solution in image format thanku

Q2: Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available: Work in process, August 1 (60% complete with respect to conversion).... Started in August. Completed Work in process, August 31 (30% complete with respect to conversion). 72,000 480,000 480,000 72,000 Required 1. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. Solution

End. Work in Process Inv. % Complete as to Beg. Work Units Completed in Process Month Inv. and Transferred Out Units Conversion Cost March 2,820 39,480 11,280 75% Compute equivalent units of production for March for both materials and conversion costs using the weighted-average method of process costing. Materials are entered at the beginning of the process. Quantities Units to be accounted for Work in process inventory, 3/1 Started into production Total units to be accounted for Equivalent Units of Production Physical Units Materials Conversion Costs