Accounting 3
lar.roOption #1: Production Cost Accounting –Weighted Average Method
Maple, Inc. manufactures syrup that goes through three processing stages prior to completion. Information on work in the first department, blending, is given below for August:
Production Data: | ||
| Pounds in process, August 1; materials 100% complete; conversion 70% complete | 3,000 |
| Pounds started into production during August | 85,000 |
| Pounds completed and transferred out | ? |
| Pounds in process, August 31; materials 80% complete; conversion 30% complete | 6,000 |
Cost Data: | ||
| Work in process inventory, August 1: | $900 |
| Conversion cost | $5,900 |
| Cost added during May: | $151,000 |
| Conversion cost | $161,700 |
The company uses the weighted-average method.
Instructions:
Submit an Excel document, with each tab labeled by item number, which demonstrates the following:
- Compute the equivalent units of production.
- Compute the costs per equivalent unit for the month.
- Determine the cost of ending work in process inventory and of the units transferred out to the next department.
- Prepare a cost reconciliation schedule for the month.
Provide your answers in a clearly organized Excel spreadsheet. Check spelling and formatting for readability. Document your sources. Where applicable, written comments must be in accordance with the CSU-Global Guide to Writing and APA Requirements Be sure to review the Module 3 Critical Thinking grading rubric, which may be accessed through the Course Information page.
11 years ago
20
Purchase the answer to view it
production_cost_accounting_-weighted_average_method.xls
Purchase the answer to view it
- maple_lnc.docx
Purchase the answer to view it
- maple_inc__weighted_average_method__solutions.xlsx
Purchase the answer to view it
- maple_inc._weighted_average_costing_18_jan.xlsx
Purchase the answer to view it
- maple_inc._assignment.pptx
Purchase the answer to view it
- maple_inc..xls
- Economics Assignment - There are only two polluting sources in the region
- help
- answer
- essay anthropology
- Business Accounting Questions
- Gb570 unit 1
- assignement 4
- For professor Ryan
- 2 pages only as a response to an article in the communication field.
- 'What managers most often want to know about their organization's culture is how to change it......But what is recommended to managers on the basis of culture theory differs markedly according to the perspectives adopted' (Hatch and Cunliffe, 2013: 185).
Maple, Inc. manufactures syrup that goes through three processing stages prior
NOT RATED12 years ago
