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Author Question: Beta Tools Ltd. uses the weighted-average method of process costing. Materials are added at the ... (Read 78 times)

Awilson837

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on: Jan 5, 2020
Beta Tools Ltd. uses the weighted-average method of process costing. Materials are added at the beginning of the machining process and conversion costs are added evenly throughout the process. The following activity occurred in its Machining Department during November.

Units:
Work in process, November 1 (80% of the way through the process) 16,000 units
Transferred in from the Casting Department during November54,000 units
Completed during November     ?     units
Work in process, November 30 (70% of the way through the process)18,000 units

Costs:
Work in process, November 1 (transferred-in costs, $40,100; direct materials costs, $40,500; and conversion costs, $39,632) $120,232
Transferred in from the Casting Department during November .$194,400
Direct materials added during November$148,500
Conversion costs added during November$181,300

Required
1. Summarize flow of physical units and compute total equivalent units for three cost categories:
transferred-in, direct materials, and conversion costs.
2. Summarize total costs to account for and compute the cost per equivalent unit for each cost
category.
3. Assign total costs to (a) units completed and transferred to Finished Goods Inventory and (b)
units in November 30 Work in Process Inventory.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by Awilson837 on Jan 5, 2020

Juro

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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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Awilson837

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Reply 2 on: Jan 5, 2020
Gracias!

FergA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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