Question & Answer: The Plastic Flowerpots Company has two manufacturing departments, molding and packaging……

i Chrome File Edit View History Bookmarks People Window Help 5896 -令Fri 1:22 PM a E f Isabella Herrera x-Chapter 16 Pre Assignment E × Cezto.mheducation.com/hm.tpx 1.00 points The Plastic Flowerpots Company has two manufacturing departments, molding and packaging. At the beginning of the month, the molding department has 2,700 units in inventory, 70% complete as to materials. During the month, the molding department started 21,500 units. At the end of the month, the molding department had 4,050 units in ending inventory, 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the molding department for the month follows: Beginning work in process inventory (direct materials Direct materials added during the month 1,900 34,900 Using the weighted-average method, compute the molding departments (a) equivalent unils of production for materials and (b) cost per equivalent unit of production for materials for the month. (Round cost per equivalent unit of production to 2 decimal places.) (a) Equivalent units of production (b) Cost per equivalent unit of production References eBook & Resources accountin tion aration su avera THE LITTLE GIFT SHO ON THIE THE LITTLE GIFT SHO ON THE

The Plastic Flowerpots Company has two manufacturing departments, molding and packaging. At the beginning of the month, the molding department has 2, 700 units in inventory, 70% complete as to materials. During the month, the molding department started 21, 500 units. At the end of the month, the molding department had 4, 050 units in ending inventory, 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the molding department for the month follows: Beginning work in process inventory (direct materials) $ 1, 900 Direct materials added during the month 34, 900 Using the weighted-average method, compute the molding department’s (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (Round “cost per equivalent unit of production” to 2 decimal places.) (a) Equivalent units of production (b) Cost per equivalent unit of production

Expert Answer

 

Cost of Prduction report (weighted avg method)
ProductionDepartment Equivalent units
Flow Of Units Physical Units Direct Material
Units to be accounted for
Beginning work in process inventory 2700
Units started this period 21500
Total u nits to be accounted for 24200
Units accounnted for:
Completed and transferred out (b) 20150 20150
Ending work in progress inventory (80% complete for material) 4050 3240
Total units to be accounted for (f) 24200 23390
Flow of Cost
Cost in the begnning work in progress inventory 1900
cost added to process 34900
Total Cost to be accounted for (e) 36800
Cost per equivalent unit (a) 1.57
ans a equivalent units of production 23390
ans b cost per equivalet units of production 1.57
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