EBK ACCOUNTING PRINCIPLES
EBK ACCOUNTING PRINCIPLES
13th Edition
ISBN: 9781119411017
Author: Weygandt
Publisher: WILEY
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Chapter 21, Problem 2PSA

(a)

To determine

Process costing: The method of cost accounting which is used to determine cost of that product which passes through various processes.

Equivalent units of Production: Equivalent units of production includes the completed units of direct materials and conversion cost of beginning work in process, units completed and transferred out and ending work in process.

To prepare: A schedule showing physical units of production.

(b)

To determine

The equivalent units of production for materials and conversion costs.

(c)

To determine

The unit cost of equivalent units.

(d)

To determine

The cost to be assigned to the units transferred out and process for June.

(e)

To determine

To prepare: A production report for the molding department for the month of June.

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