ACCT 344 Week 2 Homework......................(ACCT 344 Cost Accounting - DeVry)

1. Questions: Kali Manufacturing Inc. began the year with the following.           Beginning work-in-process          20,000  20% completeTransferred to finished goods    60,000  
Ending inventory              10,000  70% complete
Materials added at the beginning of the process
Required: Calculate the equivalent units for
a. material costs under the weighted average process cost method;
b. conversion costs under the weighted average process cost method;
c. material costs under the FIFO process cost method; and
d. conversion costs under the FIFO process cost method.
2. Questions: Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows…………………………Required Prepare a cost of production report for current month. Use Weighted Average process costing.