20-16_22e - Costs Costs Direct Materials Conversion Units...

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Exercise 20-16 Name: Section: Enter the appropriate amount in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. YANKEE BEAN COMPANY Cost of Production Report - Cooking Department For the Month Ended March 31, 2008 Equivalen Direct Materials Units Whole Units (a) Units charged to production: Inventory in process, March 1 Received from materials storeroom Total units accounts for by the Cooking Department Units to be assigned cost: Inventory in process, March 1 (30% completed) Started and completed in March Transferred to finished goods in March Inventory in process, March 31 (25% completed) Total units to be assigned cost
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Unformatted text preview: Costs Costs Direct Materials Conversion Units costs: Total costs for March in Cooking Dept. Divide by total equivalent units Cost per equivalent unit (b) Costs charged to production: Inventory in process, March 1 Costs incurred in March Total costs accounted for by the Cooking Dept. Costs allocated to completed and partially completed units: Inventory in process, March 1 balance To complete inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total costs assigned by the Cooking Dept. nt Units Conversion (b) Total Costs...
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20-16_22e - Costs Costs Direct Materials Conversion Units...

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