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Category > Accounting Posted 26 May 2017 My Price 6.00

Units Materials Conversion

Alternate problem B The following data pertain to a production center of Sunbelt Company, a maker of sunscreen products:

Units Materials Conversion

costs

costs

Inventory, October 1 70,000 $12,000 $16,000

Placed in production in October 200,000 20,400 18,200

Inventory, October 31 100,000 ? ?

The October 31 inventory was 100 per cent complete as to materials and 20 per cent complete as to conversion costs.

Prepare a production cost report for the month ended October 31, using the average cost method.

 

 

 
 

 

Answers

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Status NEW Posted 26 May 2017 05:05 PM My Price 6.00

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file 1495821231-Answer.docx preview (110 words )
A-----------nsw-----------er ----------- Pr-----------odu-----------cti-----------on -----------Cos-----------t R-----------epo-----------rt -----------Cal-----------cul-----------ati-----------on -----------of -----------Equ-----------iva-----------len-----------t U-----------nit-----------s E-----------qui-----------val-----------ent----------- Un-----------its----------- Ph-----------ysi-----------cal----------- Un-----------its----------- Ma-----------ter-----------ial-----------s C-----------onv-----------ers-----------ion----------- Co-----------sts----------- Be-----------gin-----------nin-----------g I-----------nve-----------nto-----------ry -----------70,-----------000----------- ad-----------d: -----------pla-----------ced----------- in----------- pr-----------odu-----------cti-----------on -----------in -----------Oct-----------obe-----------r 2-----------,00-----------,00-----------0 T-----------ota-----------l I-----------nve-----------nto-----------ry -----------2,7-----------0,0-----------00 -----------End-----------ing----------- In-----------ven-----------tor-----------y 1-----------,00-----------,00-----------0 1-----------,00-----------,00-----------0 2-----------0,0-----------00 -----------(10-----------0,0-----------00 -----------* 1-----------00 -----------% c-----------omp-----------let-----------e) -----------(10-----------0,0-----------00 -----------* 2-----------0 %----------- co-----------mpl-----------ete-----------) F-----------ini-----------she-----------d I-----------nve-----------nto-----------ry -----------1,7-----------0,0-----------00 -----------1,7-----------0,0-----------00 -----------1,7-----------0,0-----------00 -----------(17-----------0,0-----------00 -----------* 1-----------00 -----------% c-----------omp-----------let-----------e) -----------(17-----------0,0-----------00 -----------* 1-----------00 -----------% c-----------omp-----------let-----------e) -----------Tot-----------al -----------Inv-----------ent-----------ory-----------
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