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(Solved by Expert Tutors) The following partially completed process cost summary describes the May


Its production output is sent to its warehouse for shipping.


Equivalent units of production Direct Materials Direct Labor Factory Overhead
??Units transferred out 128,000 ? 128,000 ? 128,000 ?
??Units of ending goods in process ?10,000 ? 6,000 ? 6,000 ?
?? ? ? ?
??Equivalent units of production 138,000 ? 134,000 ? 134,000 ?
?? ? ? ?


Costs per EUP Direct Materials Direct Labor Factory Overhead
??Costs of beginning goods in process $ 37,100 ? $ 1,520 ? $ 3,040 ?
??Costs incurred this period ? 715,000 ? ? 125,780 ? ? 251,560 ?
??
??Total costs $ 752,100 ? $ 127,300 ? $ 254,600 ?
??


?? ?
??Units in beginning goods in process 8,000 ?
??Units started this period 130,000 ?
??Units completed and transferred out 128,000 ?
??Units in ending goods in process 10,000 ?


Prepare its process cost summary using the weighted-average method.?(Round your cost per EUP answers to 2 decimal places. Omit the "$" sign in your response.)


RAMAN COMPANY
Process Cost Summary
For Month Ended May 31
??Costs Charged to Production ?
??(Click to select)Costs of ending goods in processUnits started this periodCosts incurred this periodDirect laborCosts of beginning goods in process $???
??(Click to select)Units started this periodCosts of ending goods in processDirect laborCosts incurred this periodCosts of beginning goods in process ??
??
??Total costs to account for $???
??


Unit cost information
Units to account for ? Units accounted for ?
??(Click to select)Completed & transferred outBeginning goods in processUnits started this periodEnding goods in processDirect labor ?? ??(Click to select)Beginning goods in processUnits started this periodDirect laborEnding goods in processCompleted & transferred out ??
??(Click to select)Direct laborUnits started this periodBeginning goods in processEnding goods in processCompleted & transferred out ?? ??(Click to select)Units started this periodDirect laborEnding goods in processBeginning goods in processCompleted & transferred out ??
?? ?
??Total units to account for ?? ??Total units accounted for ??
?? ?


Equivalent Units of Production (EUP) Direct Materials Direct Labor ? Factory Overhead
??(Click to select)Units started this periodCosts of ending goods in processCosts incurred this periodCosts of beginning goods in processUnits completed and transferred out ? ? ?
??(Click to select)Units of beginning goods in processCosts of beginning goods in processUnits of ending goods in processCosts of ending goods in processCosts incurred this period ??? ? ? ?
?? ? ? ?
??Equivalent units of production ? ? ?
?? ? ? ?


Cost per EUP Direct Materials ????????? Direct Labor ?????????? Factory Overhead ??????????
??(Click to select)Costs of ending goods in processUnits of ending goods in processCosts of beginning goods in processFactory overheadUnits of beginning goods in process ? $? ? ? $? ? ? $? ?
??(Click to select)Ending goods in processCosts incurred this periodBeginning goods in processUnits of ending goods in processUnits of beginning goods in process ? ? ? ? ? ?
?
??Total costs ? ? ? ? ? ?
?
??(Click to select)Units of ending goods in processUnits of beginning goods in processCosts of ending goods in processCosts of beginning goods in processEquivalent units of production ? ? ? ? ? ?
??Cost per EUP ? $? ?Per EUP ? $? ?Per EUP ? $? ?Per EUP


Cost assignment and reconciliation
??Costs transferred out ? ?
?????(Click to select)Factory overheadDirect laborIndirect laborIndirect materialsDirect materials $?? ?
?????(Click to select)Indirect laborDirect laborDirect materialsIndirect materialsFactory overhead ?? ?
?????(Click to select)Indirect laborDirect laborIndirect materialsFactory overheadDirect materials ?? ?
?? ?
? ? $???
??Costs of ending goods in process ? ?
?????(Click to select)Factory overheadIndirect laborDirect materialsDirect laborIndirect materials $?? ?
?????(Click to select)Direct materialsFactory overheadDirect laborIndirect materialsIndirect labor ?? ?
?????(Click to select)Direct laborIndirect laborIndirect materialsDirect materialsFactory overhead ?? ?
?? ?
? ? ??
?? ?
??Total costs to account for ? $???
?? ?


 


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DATE ANSWERED

Apr 19, 2020

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