Required Information [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory $ 34,050 3,780 Units 367,200 198,080 3,500 34,000 33,500 4,000 $ 37,838 557,288 $ 595,118 Direct Materials Percent Complete 100% 100% Conversion Percent Complete 28% 60% Prepare the Molding department's production cost report using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places.
Required Information [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory $ 34,050 3,780 Units 367,200 198,080 3,500 34,000 33,500 4,000 $ 37,838 557,288 $ 595,118 Direct Materials Percent Complete 100% 100% Conversion Percent Complete 28% 60% Prepare the Molding department's production cost report using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 16E: Cost of production report The debits to Work in ProcessRoasting Department for Morning Brew Coffee...
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![Required Information
[The following information applies to the questions displayed below.]
The following dats reports on the July production activities of the Molding department at Ash Company.
Beginning work in process
Direct materials
Conversion
Costs added this period
Direct materials
Conversion
Total costs to account for
Beginning work in process inventory
Units started this period
Completed and transferred out
Ending work in process inventory
Unit Reconciliation
Units to account for
Total units to account for
Units accounted for
Total units accounted for
Equivalent Unite of Production (EUP)
Equivalent units of production
Cost per EUP
Total costs
+ Equivalent units of production
Cost per equivalent unit of production
Cost Assignment
Completed and transferred out
Direct materials
Conversion
Total completed and transferred out
Ending work in process
Direct materials
Conversion
Total ending work in process
Total costs accounted for
Unita
EUP
$ 34,050
3,788
EUP
Units
Prepare the Molding department's production cost report using the weighted average method.
Note: Round "Cost per EUP" to 2 decimal places.
367,200
198,080
3,500
34,000
33,500
4,000
Direct
Materials
Percent
Complete
100%
100%
$ 37,838
557,288
$ 595,118
% Complete
Casts
EUP
Direct Materiale
Cost per EUP
Cost per EUP
Conversion
Percent
Complete
20%
60%
EUP
Direct Materiale
Total cost
Total cost
Conversion
% Complete
Costs
EUP
EUP
Conversion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcee8e356-fbb7-424e-9ef3-2901ab2f7d28%2F772820f4-47af-44a6-b220-ca635e22216a%2F1q1zam_processed.png&w=3840&q=75)
Transcribed Image Text:Required Information
[The following information applies to the questions displayed below.]
The following dats reports on the July production activities of the Molding department at Ash Company.
Beginning work in process
Direct materials
Conversion
Costs added this period
Direct materials
Conversion
Total costs to account for
Beginning work in process inventory
Units started this period
Completed and transferred out
Ending work in process inventory
Unit Reconciliation
Units to account for
Total units to account for
Units accounted for
Total units accounted for
Equivalent Unite of Production (EUP)
Equivalent units of production
Cost per EUP
Total costs
+ Equivalent units of production
Cost per equivalent unit of production
Cost Assignment
Completed and transferred out
Direct materials
Conversion
Total completed and transferred out
Ending work in process
Direct materials
Conversion
Total ending work in process
Total costs accounted for
Unita
EUP
$ 34,050
3,788
EUP
Units
Prepare the Molding department's production cost report using the weighted average method.
Note: Round "Cost per EUP" to 2 decimal places.
367,200
198,080
3,500
34,000
33,500
4,000
Direct
Materials
Percent
Complete
100%
100%
$ 37,838
557,288
$ 595,118
% Complete
Casts
EUP
Direct Materiale
Cost per EUP
Cost per EUP
Conversion
Percent
Complete
20%
60%
EUP
Direct Materiale
Total cost
Total cost
Conversion
% Complete
Costs
EUP
EUP
Conversion
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