Fill in the blanks Units completed and 100%...

80.2K

Verified Solution

Question

Accounting

Fill in the blanks
image
image
image
image
Units completed and 100% 160,000 160,000 transferred out Units of ending goods in process Units \% Complete Direct Materials 40,000100% d. e. Conversion 40,000x50% Equivalent f. g. units of production Cost per the decimal in your answer and take the number 2 places to the right. Cost per Equiv Unit of DM Conv Production Costs of beginning goods in 0 0 process Costs incurred 250,000 540,000 this period Total costs $250,000 $540,000 (divide by) Total Equivalent Units of Prod Cost per Equiv Unit h. i. of Production Shine Company uses a process cost system to account for the costs incurred in making its single product, a hair conditioner. This product is processed in Department A and then in Department B. Materials are added in both departments. Production for May in Department A was as follows: Units started or transferred in 200,000 Units completed and transferred out 160,000 Stage of completion of May 31 inventory: Materials 100% Conversion 50% Costs incurred this month: Direct materials costs $250,000 Conversion costs $540,000 - There was no May 1 inventory in either department. Prepare a production cost report for Department A in May. Enter all answers with numbers only. Do NOT enter answers with commas, spaces, decimals, dollar signs (\$), etc. or it will be counted wrong. All blanks must be correct to receive points for this question. WITH THE EXCEPTION OF LETTERS J \& K-include the decimal in your answer and take the number' 2 places to the right

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!
Become a Member

Other questions asked by students