ACCT 344

ACCT 344 WEEK 2 HOMEWORK

ACCT 344 Week 2 Homework

ACCT 344 Week 2 Homework

1. Questions: Kali Manufacturing Inc. began the year with the following. Beginning work-in-process          20,000  20% completeTransferred to finished goods    60,000

Ending inventory              10,000  70% complete

Materials added at the beginning of the process

Required: Calculate the equivalent units for

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a. material costs under the weighted average process cost method;

b. conversion costs under the weighted average process cost method;

c. material costs under the FIFO process cost method; and

d. conversion costs under the FIFO process cost method.

2. Questions: Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows…………………………Required Prepare a cost of production report for current month. Use Weighted Average process costing.

ACCT 344 WEEK 2 HOMEWORK