Required information [The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Prepare the production department's equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing. Total 28,800 units 67,200 units 96,000 units 16,800 units Equivalent Units of Production (EUP)-Weighted Average Method 1. All direct materials are added to products when processing begins. Units Direct Materials Percent Complete EUP

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Please see the pictures for the questions. The first production department in a process manufacturing system reports the following unit data...

Required information
[The following information applies to the questions displayed below.]
The first production department in a process manufacturing system reports the following unit data.
Beginning work in process inventory
Units started and completed
Units completed and transferred out.
Ending work in process inventory
Total
Prepare the production department's equivalent units of production for direct materials under each of the following three separate
assumptions using the weighted average method for process costing.
28,800 units
67,200 units
96,000 units
16,800 units
Equivalent Units of Production (EUP)-Weighted Average Method
1. All direct materials are added to products when processing begins.
Units
Direct Materials
Percent
Complete
EUP
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed Units completed and transferred out. Ending work in process inventory Total Prepare the production department's equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing. 28,800 units 67,200 units 96,000 units 16,800 units Equivalent Units of Production (EUP)-Weighted Average Method 1. All direct materials are added to products when processing begins. Units Direct Materials Percent Complete EUP
2. Beginning inventory is 40% complete as to direct materials costs. Ending inventory is 75%
complete as to direct materials costs.
Total
Units
Total
Direct Materials
Units
Percent
Complete
3. Beginning inventory is 70% complete as to direct materials costs. Ending inventory is 20%
complete as to direct materials costs.
EUP
Direct Materials
Percent
Complete
EUP
Transcribed Image Text:2. Beginning inventory is 40% complete as to direct materials costs. Ending inventory is 75% complete as to direct materials costs. Total Units Total Direct Materials Units Percent Complete 3. Beginning inventory is 70% complete as to direct materials costs. Ending inventory is 20% complete as to direct materials costs. EUP Direct Materials Percent Complete EUP
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