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E20-22 Selected production and cost data of Kristi’s Divinity Co. follow for May 2008

E20-22 Selected production and cost data of Kristi’s Divinity Co. follow for May 2008
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Solution Guide / Answer Key:

ACCOUNTING
Accounting 7th Edition by Horngren, Harrison and Bamber
E20-22
Selected production and cost data of Kristi’s Divinity Co. follow for May 2008.

On May 31, the Mixing Department ending work in process inventory was 70% complete as to materials and 20% complete as to conversion costs. The Heating Department ending work in process inventory was 65% complete as to materials and 55% complete as to conversion costs.

Kristi’s uses weighted-average costing.

Requirements
1. Compute the equivalent units for direct materials and for conversion costs for the Mixing Department. (p. 1003)
2. Compute the equivalent units for transferred-in costs, direct materials, and conversion costs for the Heating Department. (pp. 1011–1012)

 

FILE: MS WORD

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