Reference no: EM13823880
Schupp Inc manufactures t shirts in two departments, Cutting and Sewing. Labor and overhead are incurred uniformly through both processes. Materials are entered at the beginning of both processes. The company uses the weighted average method of process costing. Cost and production data for the Sewing department for December are posted below:
COST DATA
Beginning work in process inventory -- $46,000 ($30,000 of materials cost)
Materials -- $425,000
Conversion costs -- $162,200
Total costs -- $663,200
PRODUCTION DATA
Beginning work in process (gallons) -- 10,000 (30%)
Gallons started into production -- 55,000
Ending work in process (gallons) -- 8,000 (30%)
PLEASE COMPUTE AND SHOW ALL WORK
a. Compute the equivalent units of production
b. Determine the unit production costs
c. Determine the costs to be assigned to units transferred out and ending work in process.
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: Schupp Inc manufactures t shirts in two departments, Cutting and Sewing. Labor and overhead are incurred uniformly through both processes. Materials are entered at the beginning of both processes. Compute the equivalent units of production. Determine..
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