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(Solved by Expert Tutors) Prepare a schedule of Cost of Goods Manufactured and a Cost of Goods so




2-? The Florida Company manufactures a product that goes through three processing departments. Information relating to activity in the first dep during june is given below

Percentage complegted

Work in process? June? 1???? 160.000 units???? 65% Materials??? Conversion 45%

Work in process June 30????? 130,000 units??? 75% Materials??? Conversion 65%


The department started 650,000 units into production during the on te .the month and transferred 680,000 units to the next department.

Compute the equivalent units of production for the first department for june , assuming that the company uses the weight-average method of accounting for units and costs. If the cost per equivalent unit is $0.49 and the cost per equiavalent units of conversions $0.47, what is the total cost of the equivalent units?

 


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Apr 19, 2020

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