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Firefox File Edit View History Bookmarks Tools Window Help ? ? ? 95% L%), Tue 9:14 PM Atika Ishtiaq a E Grades for Syeda Ishtiaq: 6183 × Connect · Chegg Study Guided Solution + https://newconnect.mheducation.com/flow/connect.htm ..Search ±lin 3 D @ Ch 03 Ex 3-12 6 Help Save & Exit Submit Saved Check my work Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.) 18 The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. points cBook Direct conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Hint Materiala 37,500 EUP 37,500 EUP 2,000 EUP,200 EUP 39,500 EUP 38,700 EUP Ask Print Direct Materials Conversion Costs per EUP Costs of beginning Coste incurred this period Total costs work in process S 13,450 1,860 238,0B0 454,250 239,940 440,900 Units in beginning work in process (all completed during July) Unite started thie period Units completed and transferred out Units in ending work in proceas 1,500 38,000 37,500 2,000 Prev 1of 1 Next Hill

Solution

Costs charged to production cost of beginning work in process 15,310 costs incurred this period 678,880 total costs to account for 694,190 Total costs accounted for 694,190 Difference due to rounding cost/unit 0 Unit Reconcilation Units to account for units in beginning work in process 1,500 units started this period 38,000 total units to account for 39,500 total units accounted for units completed & tranferred out 37,500 units in ending work in process 2,000 total units accounted for 39,500 Equivalent units of production -(EUP)-Weighted average Method units %materials EUP-Mat % CC Eup-CC units completed & tranferred out 37,500 100% 37,500 100% 37,500 units in ending work in process 2,000 100% 2,000 60% 1,200 Equivalent units of producton 39,500 38,700 Cost per EUP Materials CC Cost of beginning work in process 13,450 1,860 cost incurred this period 440,800 238,080 total costs Costs 454,250 Costs 239,940 Equivalent units of producton EUP 39,500 EUP 38,700 Cost per Equivalent unit pf production 11.5 6.2 cost Assignment and Reconciliation Costs transferred out EUP cost pu total cost Direct materials 37,500 11.5 431250 conversion 37,500 6.2 232500 total transferred out 663750 Cost of ending work in process Direct materials 2,000 11.5 23000 conversion 1,200 6.2 7440 total ending work in process 30440 total costs accounted for 694190