Forrests gameboards company manufactures games in 3

Reference no: EM13370285

Forrests Gameboards Company manufactures games in 3 departments using a process cost system with an average cost flow assumption. chosen cost and production data for the Creation Department, the second department in the production process, for the month just ended, are as give:

Units in beginning work in process 5,000
Units received from Mixing Department 25,000
Units transferred to Finishing Department 20,000
Units in ending work in process ?
Units spoiled due to internal failure 3,000

Work in process, beginning inventory:
Cost from preceding department $ 4,200
Materials 1,960
Labor 895
Factory Overhead 685

Costs added during the period:
From preceding department $ 15,900
Materials 8,775
labor 4,550
Factory Overhead 3,770

The games are inspected at end of process in Creation Department to check any spoiled batches. Ending inventory is 75% total as to materials and 25% complete as to conversion costs. Spolage is unspecified to occur at the end of the process.

REQUIRED:

1. Determine the equivalent units of production for each cost element in the Creation Dep. for the month just ended.

2. Evaluate the average cost per equivalent unit for every cost element.

Reference no: EM13370285

Questions Cloud

The rite-way plumbing co began business march 1 2006 in : the rite-way plumbing co. began business march 1 2006 in sarasota. its business address is 124 division lane sarasota

1which of the subsequent items is not included in the : 1.which of the subsequent items is not included in the recipients gross income?a. alimonyb. gain on sale of an antique

Paid 287600 cash plus 11500 in sales tax and 1500 in : paid 287600 cash plus 11500 in sales tax and 1500 in transportation for a new loader. the loader is predictable to have

Determine a newspaper or magazine even online and select an : determine a newspaper or magazine even online and select an article relating to the use of governmental funds by state

Forrests gameboards company manufactures games in 3 : forrests gameboards company manufactures games in 3 departments using a process cost system with an average cost flow

This is a project due by the 18th of april get a magazine : this is a project due by the 18th of april. get a magazine newspaper etc. online or otherwise choose an article

1 find what was youngs total share of net loss for the : 1. find what was youngs total share of net loss for the first year?a. 3900 loss.b. 11700 loss.c. 10400 loss.d. 24700

A partnership began its first year of operations with the : a partnership began its first year of operations with the subsequent capital balancesyoung capital 143000eaton capital

Dicks sporting goods makes customized uniforms the great : dicks sporting goods makes customized uniforms. the great northwest league has provided to buy 80 basketball jerseys

User Account

All Pages