CH01 – Delray Mfg
Managerial Accounting
Wild and Shaw
07th Edition
Prepare a schedule of Cost of Goods Manufactured
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Prepare a schedule of Cost of Goods Manufactured
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Prepare a schedule of cost of goods manufactured, gross profit, and inventory balances on Balance Sheet.
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Determine total of each production cost incurred for April (direct labor, direct materials, and applied overhead). Fill in a large grid.
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Prepare 13 journal entries for the month concerning materials, direct labor, overhead, WIP, FG, and Sales.
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Prepare the production department’s equivalent units of production.
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Prepare a process cost summary report using the weighted-average method.
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Prepare a process cost summary report using the weighted-average method.
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Calculate equivalent units of production and costs per equivalent unit of production.
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Compute direct materials and conversion cost per equivalent unit for April.
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Prepare a process cost summary report using the weighted-average method.
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