# 2023 Problem 4 27 Missing Data Production Report Weighted Average The following data pertain to the Vesuvius | Assignments Online

2023 Problem 4 27 Missing Data Production Report Weighted Average The following data pertain to the Vesuvius | Assignments Online

Problem 4-27  Missing Data; Production Report; Weighted-Average

The following data pertain to the Vesuvius Tile Company for July.

 Work in process, July 1 (in units) 20000 Units started during July ? Total units to account for 65000 Units completed and transferred out during July ? Work in process, July 31 (in units) 15000 Total equivalent units: direct material 65000 Total equivalent units: conversion ? Work in process, July 1: direct material 164400 Work in process, July 1: conversion ? Costs incurred during July: direct material ? Costs incurred during July: conversion 659400 Work in process, July 1: total cost 244200 Total costs incurred during July 1031250 Total costs to account for 1275450 Cost per equivalent unit: direct material 8.25 Cost per equivalent unit: conversion ? Total cost per equivalent unit 21.45 Cost of goods completed and transfered out during July ? Cost remaining in ending work-in-process inventory: direct material ? Cost remaining in ending work-in-process inventory: conversion 79200 Total cost of July 31 work in process 202950

a. Direct material is added at the beginning of the production process, and conversion activity occurs

uniformly throughout the process.

b. The company uses weighted-average process costing.

c. The July 1 work in process was 30 percent complete as to conversion.

d. The July 31 work in process was 40 percent complete as to conversion.

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