Description
Complete Exercise 4-16 and Problem 4-29 in the textbook.
Complete Exercise 4-16 in a Word document and Problem 4-29 in Excel. Please note, you must show your work in Excel, which includes providing the formulas in the cells, not just the summary value. You may not earn full points if you do not show your work in detail.
Word document needs to be 500 words at least.
Save your assignment as Lastname_FirstnameACC650_T2.docx.
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I.
138 %
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156
Chapter 4 Process Costing and Hybrid Product-Costing Systems
QE
2.
Work in process, February 1
Units started during February
Units completed during February
Work in process, February 28
Work in process, January 1
Units started during the year
Units completed during the year
Work in process, December 31
13,000 kilograms
1,500 kilograms
9,200 kilograms
?
100,000 gallons
850,000 gallons
?
200,000 gallons
3.
Exercise 4-16
Process Costing; Use of
Internet
(LO 4-1)
Use the Internet to access the website for Weyerhaeuser (www.weyerhaeuser.com), International Paper
(www.internationalpaper.com), or Boise Cascade (www.boisecascade.com).
Required: Skim over the information presented on the website about the company’s products and
operations. Then discuss why process costing is an appropriate product-costing method for this company.
Exercise 4-17
Equivalent Units;
Weighted-Average
(LO 4-1, 4-3)
Rainbow Glass Company manufactures decorative glass products. The firm employs a process-costing
system for its manufacturing operations. All direct materials are added at the beginning of the process,
and conversion costs are incurred uniformly throughout the process. The company’s production sched-
ule for October follows.
с
Units
Work in process on October 1 (60% complete as to conversion)
Units started during October
1,000
5,000
Your location to 2419 C X
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Process Costing | Loud x
Grand Canyon Universi x
managerial_accounting X
S View Questions | Study x
Brad
E = €
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Moravia Company processes and packages cream cheese. The following data have been compiled for the
month of April. Conversion activity occurs uniformly throughout the production process.
Problem 4-29
Straightforward Weighted-
Average Process Costing;
Step-by-Step Approach
(LO 4-3, 4-4, 4-5)
QB
2. Equivalent units, direct
material: 110,000
Work in process, April 1–10,000 units:
Direct material: 100% complete, cost of
Conversion: 20% complete, cost of
Balance in work in process, April 1
Units started during April
Units completed during April and transferred out to finished-goods inventory
Work in process, April 30:
Direct material: 100% complete
Conversion: 3373% complete
$ 22,000
4,500
$ 26,500
100,000
80,000
$198,000
Costs incurred during April:
Direct material
Conversion costs:
Direct labor
Applied manufacturing overhead
Total conversion costs
$ 52,800
105,600
$158,400
Required: Prepare schedules to accomplish each of the following process-costing steps for the month
of April. Use the weighted average method of process costing.
1.
Analysis of physical flow of units.
Calculation of equivalent units.
Computation of unit costs.
Analysis of total costs.
3.
с
5. Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements.
Show how the solution will change if the following data change: the April 1 work-in-process costs
were $66,000 for direct material and $18,000 for conversion.
Purchase answer to see full
attachment
Student Portal | Main
Process Costing | Loud x
Grand Canyon Universi x
managerial_accounting X
S View Questions | Study x
Brad
E = €
Secure https://viewer.gcu.edu/mqBcBY
A
:
III
Apps
AdvoCare
Apple
iCloud
Yahoo!
News
Popular
| Imported From Safari
GCU Login
sim market
Other Bookmarks
I.
138 %
186 of 848
Q
156
Chapter 4 Process Costing and Hybrid Product-Costing Systems
QE
2.
Work in process, February 1
Units started during February
Units completed during February
Work in process, February 28
Work in process, January 1
Units started during the year
Units completed during the year
Work in process, December 31
13,000 kilograms
1,500 kilograms
9,200 kilograms
?
100,000 gallons
850,000 gallons
?
200,000 gallons
3.
Exercise 4-16
Process Costing; Use of
Internet
(LO 4-1)
Use the Internet to access the website for Weyerhaeuser (www.weyerhaeuser.com), International Paper
(www.internationalpaper.com), or Boise Cascade (www.boisecascade.com).
Required: Skim over the information presented on the website about the company’s products and
operations. Then discuss why process costing is an appropriate product-costing method for this company.
Exercise 4-17
Equivalent Units;
Weighted-Average
(LO 4-1, 4-3)
Rainbow Glass Company manufactures decorative glass products. The firm employs a process-costing
system for its manufacturing operations. All direct materials are added at the beginning of the process,
and conversion costs are incurred uniformly throughout the process. The company’s production sched-
ule for October follows.
с
Units
Work in process on October 1 (60% complete as to conversion)
Units started during October
1,000
5,000
Your location to 2419 C X
Student Portal | Main
Process Costing | Loud x
Grand Canyon Universi x
managerial_accounting X
S View Questions | Study x
Brad
E = €
Secure https://viewer.gcu.edu/mqBcBY
A
:
III
Apps
AdvoCare
Apple
1 iCloud
Yahoo!
News
Popular
Imported From Safari
GCU Login
sim market
Other Bookmarks
I.
138 %
191 of 848
Q
Moravia Company processes and packages cream cheese. The following data have been compiled for the
month of April. Conversion activity occurs uniformly throughout the production process.
Problem 4-29
Straightforward Weighted-
Average Process Costing;
Step-by-Step Approach
(LO 4-3, 4-4, 4-5)
QB
2. Equivalent units, direct
material: 110,000
Work in process, April 1–10,000 units:
Direct material: 100% complete, cost of
Conversion: 20% complete, cost of
Balance in work in process, April 1
Units started during April
Units completed during April and transferred out to finished-goods inventory
Work in process, April 30:
Direct material: 100% complete
Conversion: 3373% complete
$ 22,000
4,500
$ 26,500
100,000
80,000
$198,000
Costs incurred during April:
Direct material
Conversion costs:
Direct labor
Applied manufacturing overhead
Total conversion costs
$ 52,800
105,600
$158,400
Required: Prepare schedules to accomplish each of the following process-costing steps for the month
of April. Use the weighted average method of process costing.
1.
Analysis of physical flow of units.
Calculation of equivalent units.
Computation of unit costs.
Analysis of total costs.
3.
с
5. Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements.
Show how the solution will change if the following data change: the April 1 work-in-process costs
were $66,000 for direct material and $18,000 for conversion.
Purchase answer to see full
attachment
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