Chap004 (dragged) 44 - $304,000 $95,000 $ 3 9 9 ,...

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McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. Managerial Accounting, 6/e 4-45 SOLUTIONS TO CASES CASE 4-42 (60 MINUTES) PRODUCTION REPORT: AGRITECH, INC. - MIXING DEPARTMENT Weighted-Average Method Equivalent Units Physical Units Percentage of Completion with Respect to Conversion Direct Material Conversion W o r k i n p r o c e s s , S e p t em b e r 1 . . . . . . . . - 0 - U n i t s s t a r t e d d u r i n g S e p t em b e r . . . .
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Unformatted text preview: $304,000 $95,000 $ 3 9 9 , Equivalent units. .................................................. 38,000 38,000 Costs per equivalent unit. ................................... $8.00 $2.50 $10.50 Cost of goods completed and transferred out of the Mixing Department during September: u unit equivalent per cost total out d transferre units of number ........................... 38,000 u $10.50 $ 3 9 9 , Cost remaining in September 30 work-in-process inventory in the Mixing De partment . ........................................................................................-0-Check: Cost of goods completed and transferred out . ............ $399,000 Cost of September 30 work-in-process inventory. .......-0-Total costs accounted for. .............................................. $399,000...
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