Shirley Processing. Incorporated (SPI) makes adhesive tape. The following information on the physical flow of units and costs formonth of March:QuantitiesBeginning work-in-processStartedTo account forTransferred outEnding work in processAccounted forCostBeginning work-in-processCurrent periodTotalPhysical108,000957,5881,065,500976,58889,0001,065,508Total$ 188,5701,891,498$ 2,088,068Equivalent unitsPercentage CompleteConversion48%Materials100%100%100%Required ADirectMaterials$ 168,1801,244,750$ 1,412,938Required:a. Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Incorporated uses theweighted-average method.b. Compute the cost per equivalent unit for direct materials and conversion costs for March assuming Shirley Processing, Incorporateduses the weighted-average method.Complete this question by entering your answers in the tabs below.100%28%Conversion$ 28,390646,748$ 667,138Required A Required BCompute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Incorporated uses theweighted-average method.Required B >

Name: Shirley Processing. Incorporated (SPI) makes adhesive tape. The follo
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Description: Shirley Processing. Incorporated (SPI) makes adhesive tape. The following information on the physical flow of units and costs formonth of March:QuantitiesBeginning work-in-processStartedTo account forTransferred outEnding work in processAccounted fo

WEIGHTED AVERAGE METHOD :—Under this method, equivalent units are calculated by adding equivalent…

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Shirley Processing. Incorporated (SPI) makes adhesive tape. The following information on the physical flow of units and costs for month of March: Quantities Beginning work-in-process Started To account for Transferred out Ending work in process Accounted for Cost Beginning work-in-process Current period Total Physical units 108,000 957,500 1,065,500 976,500 89,000 1,065,500 Total $ 188,570 1,891,498 $ 2,080,068 Percentage Complete Conversion 48% Materials 100% 100% 100%

Shirley Processing. Incorporated (SPI) makes adhesive tape. The following information on the physical flow of units and costs for month of March: Quantities Beginning work-in-process Started To account for Transferred out Ending work in process Accounted for Cost Beginning work-in-process Current period Total Physical units 108,000 957,500 1,065,500 976,500 89,000 1,065,500 Total $ 188,570 1,891,498 $ 2,080,068 Percentage Complete Conversion 48% Materials 100% 100% 100%

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 11E: The charges to Work in ProcessAssembly Department for a period, together with information concerning...

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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…