CH02 Quiz – The Ending Inventory
Managerial Accounting
Wild and Shaw
07th Edition
How much direct materials cost incurred in producing units?
How much direct materials cost incurred in producing units?
What are the equivalent units of production with regard to direct labor?
Entry to account for the cost of goods sold.
Compute direct materials cost per equivalent unit.
Compute the direct labor cost per equivalent unit.
How many units did Forming Dept. start and complete in the current month?
Entry to account for the cost of goods sold.
Calculate the equivalent units of conversion.
Prepare a process cost summary report and find the cost per eq unit conversion.
What are the amounts of direct labor and factory overhead?