The cowboy suppliers company produces various leather goods. It
employes the weighted average method in calculating it's unit
production costs. As of 9/1/2003, its work in process inventory
consisted of 400 partially completed units made of material ( $125.00
100% complete ) and converion costs of $300.00 (25% complete). During
the month of september 2003, 7600 units were completed and
transferred. As of the end of 9/30/03, 1000 units in process, 100%
complete as to material costs and 50% complete as to conversion costs.
The costs charged to production during September were
Material $ $25,150.00
Conversion costs 20,700.00
A) From the above information you are to compare the following
1)Equivalent units of producion
2)The unit material and converion cost.
3)The total cost fo Work in Process Inventory and finished goods
inventory as of 9/30/03.
B) Prepare the nessecary journal Entries to record the companys flow
costs.
IF ANYONE CAN HELP ME WITH THIS YOUR AMAZING- PLEASE THIANK YOU |
