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Sherri Springs is a producer of flavored water. Below is the data for its production in April. Description Amount Subcategory,Work in process inventory, April 1, has 2,870 (units' equal cases): Direct Materials 12,990 Direct labor 5,910 Manufacturing overhead (1,520 machine-hours at $6 per machine-hours) 9,120Single line   Single line28,020Double line   Subcategory, Units started in April 8,980   Subcategory,Costs incurred in April: Direct Materials 36,150 Direct labor 55,880 Manufacturing overhead applied (13,400 machine-hours) 80,400   The ending inventory consisted of 4,690 units. These units were: 100% complete as to materials, 60% complete as to conversion. Complete a production report using the weighted average method. (Round your answers to two decimal places when needed and use rounded answers for all future calculations).

Sherri Springs is a producer of flavored water. Below is the data for its production in April. Description Amount Subcategory,Work in process inventory, April 1, has 2,870 (units' equal cases): Direct Materials 12,990 Direct labor 5,910 Manufacturing overhead (1,520 machine-hours at $6 per machine-hours) 9,120Single line   Single line28,020Double line   Subcategory, Units started in April 8,980   Subcategory,Costs incurred in April: Direct Materials 36,150 Direct labor 55,880 Manufacturing overhead applied (13,400 machine-hours) 80,400   The ending inventory consisted of 4,690 units. These units were: 100% complete as to materials, 60% complete as to conversion. Complete a production report using the weighted average method. (Round your answers to two decimal places when needed and use rounded answers for all future calculations).

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 15MC: Which of the following is the step in which materials, labor, and overhead are detailed? A....
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Sherri Springs is a producer of flavored water. Below is the data for its production in April.

Description Amount
Subcategory,Work in process inventory, April 1, has 2,870 (units' equal cases):
Direct Materials 12,990
Direct labor 5,910
Manufacturing overhead (1,520 machine-hours at $6 per machine-hours) 9,120Single line
  Single line28,020Double line
 
Subcategory,
Units started in April 8,980
 
Subcategory,Costs incurred in April:
Direct Materials 36,150
Direct labor 55,880
Manufacturing overhead applied (13,400 machine-hours) 80,400

 

The ending inventory consisted of 4,690 units. These units were: 100% complete as to materials, 60% complete as to conversion.

Complete a production report using the weighted average method.

(Round your answers to two decimal places when needed and use rounded answers for all future calculations).

    

 

UNITS Units to account for: Beginning work- in-process Started in production Total units to account for Units accounted for: Completed and transferred out Ending work-in- process Total units accounted for COSTS Costs to account for: Beginning work-in- process Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit Costs accounted for: Completed and transferred out Ending work-in- process Total costs accounted for ◄ Whole Units Transferred In 2,870✔ 8,980✔ 11,850✔ Sherri Springs Transferred In 7,160 n/a 4,690 n/a 11,850 n/a Sherri Springs 12,990.00✓ 36,150.00✔ 49,140.00✔ Direct Materials Conversion Costs 11,850 ✓ 4.15✓ 29,691 X 19,449 X Equivalent Units Direct Material 49,140.00 X 7,160✔ 4,690✔ 11,850✓ 15,030.00✔ 136,280.00✔ 151,310.00✓ 9,974✔ 15.17 ✔ 108,620 X 42,690 X 151,310.00 X Conversion Costs 7,160 ✓ 2,814 ✓ 9,974✔ Total Costs 28,020.00✔ 172,430.00✓ 200,450.00✓ 19.32✓ 138,312 X 62,138 X 200,450.00 X
Transcribed Image Text:UNITS Units to account for: Beginning work- in-process Started in production Total units to account for Units accounted for: Completed and transferred out Ending work-in- process Total units accounted for COSTS Costs to account for: Beginning work-in- process Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit Costs accounted for: Completed and transferred out Ending work-in- process Total costs accounted for ◄ Whole Units Transferred In 2,870✔ 8,980✔ 11,850✔ Sherri Springs Transferred In 7,160 n/a 4,690 n/a 11,850 n/a Sherri Springs 12,990.00✓ 36,150.00✔ 49,140.00✔ Direct Materials Conversion Costs 11,850 ✓ 4.15✓ 29,691 X 19,449 X Equivalent Units Direct Material 49,140.00 X 7,160✔ 4,690✔ 11,850✓ 15,030.00✔ 136,280.00✔ 151,310.00✓ 9,974✔ 15.17 ✔ 108,620 X 42,690 X 151,310.00 X Conversion Costs 7,160 ✓ 2,814 ✓ 9,974✔ Total Costs 28,020.00✔ 172,430.00✓ 200,450.00✓ 19.32✓ 138,312 X 62,138 X 200,450.00 X
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