Dakota Enterprises keeps its production facility busy making a molded plastic tent used to cover...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Dakota Enterprises keeps its production facility busy making a molded plastic tent used to cover motorcycles. The tent goes through two departments - Assembly and Packaging. The incomplete Production Report for the current period is presented below. Complete the Production Report and then answer the questions that follow.
DAKOTA ENTERPRISES
PRODUCTION REPORT
FOR THE MONTH ENDED SEPTEMBER 30, 2011
Quantity Schedule and Equivalent Units
Quantity Schedule
Units To Be Accounted For:
Beginning Work in Process
6,000
Started into Production
(A)
Total Units To Be Accounted For:
(B)
Equivalent Units (EU)
Units Accounted For As Follows:
Materials
Conversion
Transferred to Packaging
8,000
(D)
(E)
Ending Work in Process
2,000
2,000
1,000
Total Units Accounted For
(C)
(F)
(G)
Cost Per Equivalent Unit
Cost To Be Accounted For:
Total
Materials
Conversion
Beginning Work in Process
$ 63,000
$ 50,000
$ 13,000
Cost Added During the Month
224,000
30,000
194,000
Total Cost To Be Accounted For
(H)
(I)
(J)
Cost Per Equivalent Unit
(K)
(L)
(M)
Cost Reconciliation:
Equivalent Units (EU)
Cost Accounted For As Follows:
Materials
Conversion
Transferred to Packaging
(N)
(D)
(E)
Ending Work in Process
Materials
(O)
2,000
Conversion
(P)
1,000
Total Ending Work in Process
(Q)
Total Cost Accounted For:
(R)
Match the correct letter (numbers) to the correct spot on the chart
- A. B. C. D. E. F.
(B)
- A. B. C. D. E. F.
(E)
- A. B. C. D. E. F.
(G)
- A. B. C. D. E. F.
(J)
- A. B. C. D. E. F.
(0)
- A. B. C. D. E. F.
(Q)
A.
$207,000
B.
10,000
C.
$39,000
D.
8,000
E.
9,000
F.
$16,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!