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Author Question: At Madson Distillery the company uses the weighted-average method of process costing. Direct ... (Read 42 times)

jessicacav

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on: Jan 5, 2020
At Madson Distillery the company uses the weighted-average method of process costing. Direct materials are added at the beginning of the process and conversion costs are added throughout the process.  Data for the finishing department follows:

WIP, April 118,000 units
Transferred-in costs in WIP, April 1$96,200
Direct materials (100%) in WIP, April 1$23,500
Conversion costs (65%) in WIP, April 1$19,700
Units transferred-in35,000 units
Transferred-in costs during April$501,000
Units completed32,000 units
April direct materials cost$152,500
April conversion costs$215,300
WIP, April 3021,000 units
(100% for materials and 60% for conversion costs)​
Required:
A.  What are the equivalent units for conversion costs?
B.  What is the cost per equivalent unit for conversion costs?
C.  What are the equivalent units for direct materials?
D.  What are the total number of physical units for which to account?
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by jessicacav on Jan 5, 2020

Joc

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Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jessicacav

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Reply 2 on: Jan 5, 2020
Great answer, keep it coming :)

sultansheikh

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Reply 3 on: Yesterday
Excellent

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