Requirement Summarise total costs to account for calculate cost per equivalent unit for direct materials and conversion costs, and assign total costs to units completed (and transferred out) and to units in ending work-in-process. Begin by summarising the total costs to account for (Complete the necessary drop downs. Fill in the relevant cells with its corresponding figures) Total Direct Materials Conversion Costs Production Costs Total costs to account for Data table Beginning work-in-process (1 May) Started in May, this year Completed during May, this year Physical Units (Watches) 100 525 480 145 Ending work-in-process (31 May) Total costs added during May, this year "Degree of completion direct materials, 90% conversion costs, 40% Degree of completion direct materials, 60% conversion costs, 40% Direct Conversion Materials Costs €64.500 €738.600 €3,195,000 €1,415,000 Data table Flow of Production Completed and transferred out during current period Work-in-process, ending Accounted for Work done to date Physical Units 400 145 625 Equivalent Units Direct Materials 480 116 506 Conversion Costs 400 58 538

Requirement Summarise total costs to account for calculate cost per equivalent unit for direct materials and conversion costs, and assign total costs to units completed (and transferred out) and to units in ending work-in-process. Begin by summarising the total costs to account for (Complete the necessary drop downs. Fill in the relevant cells with its corresponding figures) Total Direct Materials Conversion Costs Production Costs Total costs to account for Data table Beginning work-in-process (1 May) Started in May, this year Completed during May, this year Physical Units (Watches) 100 525 480 145 Ending work-in-process (31 May) Total costs added during May, this year "Degree of completion direct materials, 90% conversion costs, 40% Degree of completion direct materials, 60% conversion costs, 40% Direct Conversion Materials Costs €64.500 €738.600 €3,195,000 €1,415,000 Data table Flow of Production Completed and transferred out during current period Work-in-process, ending Accounted for Work done to date Physical Units 400 145 625 Equivalent Units Direct Materials 480 116 506 Conversion Costs 400 58 538

Name: Consider the following data for the assembly division of Stiles Watch
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Description: Consider the following data for the assembly division of Stiles Watches Company:The assembly division uses the weighted-average method of process costing.(Click the icon to view the data)RequirementSummarise total costs to account for calculate cost

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 3E: The following data appeared in the accounting records of Craig Manufacturing Inc., which uses the...

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