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
Assignments Online 2023 Business Finance
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 |
Additional Information:
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.
Assignmentsonline.org help students to solve their assignment in the best possible manner. In the assignment help industry, we are regarded as one of the best helpers for students’ tasks in all subjects. We provide solutions to students from all corners of the world, but the main focus is from students residing in the US, UK, and Australia. Our primary focus is solving student assignments for all subjects and streams.
Place Order NOw
Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...
#write essay #research paper
