10 ACCT questions!
bbrend
10.pdf
2/3/23, 10:15 PM NWP Assessment Player UI Application
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=dbdee7cd-3f44-47f4-ac2d-716ed304acb3#/question/9 1/2
View Policies
Current Attempt in Progress
The Sanding Department of Crane Furniture Company has the following production and manufacturing cost data for March 2022, the �rst month of operation.
Production: 7,280 units completed and transferred out; 3,120 units in ending work in process are 100% complete as to materials and 20% complete as to conversion costs.
Manufacturing costs: Materials $34,320; labor $21,840; and overhead $37,440.
Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.)
CRANE FURNITURE COMPANY Sanding Department
Production Cost Report
Equivalent Units
Quantities Physical
Units Materials Conversion
Costs
Units to be accounted for
Work in process, March 1
Started into production
Total units
Units accounted for
Completed and Transferred out
Work in process, March 31
Total units
Costs Materials Conversion
Costs
Unit costs
221 HW4 Ch 21
10 of 10 - / 1
2/3/23, 10:15 PM NWP Assessment Player UI Application
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=dbdee7cd-3f44-47f4-ac2d-716ed304acb3#/question/9 2/2
Total Costs $ $
Equivalent units
Unit costs $ $
Cost Reconciliation Schedule
Costs to be accounted for
Work in process, March 1
Started into production
Total costs
Costs accounted for
Completed and transferred out
Work in process, March 31
Materials $
Conversion costs
Total costs
eTextbook and Media
Save for Later
Attempts: 0 of 3 used Submit Answer
221 HW4 Ch 21
10 of 10 - / 1
