Determine equivalent units for june for the first process

Assignment Help Managerial Accounting

Reference no: EM133445552

Question: CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June:

		Percent Complete
	Units	Materials			Conversion
Work in process, beginning	50,800		75	%		30	%
Started into production	438,000
Completed and transferred out	388,000
Work in process, ending	100,800		60	%		40	%
		Materials			Conversion
Work in process, beginning		$	46,300		$	25,800
Cost added during June		$	426,300		$	145,800

Required:

Assume that the company uses the weighted-average method.

1. Determine the equivalent units for June for the first process.

2. Compute the costs per equivalent unit for June for the first process. (Round your answers to 3 decimal places.)

3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June. (Round intermediate calculations to 3 decimal places.)

4. Prepare a report that reconciles the total costs assigned to the ending work in process inventory and the units transferred out with the costs in beginning inventory and costs added during the period.

Reference no: EM133445552

Questions Cloud

Examine works of such european american artists as smibert : Examine how the works of such European American artists as Smibert and Copley reflected the changing climate of American culture in the eighteenth century.

What are results we can anticipate someone : What are 3 results we can anticipate someone with diverticulitis to demonstrate? What are the normal ranges for each of these results?

How much are the budgeted cash disbursements for december : The invoice cost for merchandise purchases represents 55% of the sales price. All purchases are paid in cash. How much are the budgeted cash disbursements for

Discussing the positive and negative social-economic : Debate the success of these individuals by discussing the positive and negative social, economic, and political impacts of their business practices.

Determine equivalent units for june for the first process : Determine the equivalent units for June for the first process. Compute the costs per equivalent unit for June for the first process.

Determine the equivalent units and the costs per equivalent : Determine the equivalent units and the costs per equivalent unit for materials and conversion for the year. (Round your "Cost per equivalent unit" answers

Why is it important to check your own biases : Why is it important to check your own biases and atitudes before interacting with a patient who has substance abuse issues? Describe a time that you cared

What are the significant impacts of baccalaureate nurses : What are the significant impacts of baccalaureate nurses on improved/better patient outcome over associate degree nurses?

Examine the benefits of implementing programs : Explain why cultural proficiency on its own cannot address the issues of health disparities or social determinants of health within a health care organization

User Account

All Pages