I COULD ONLY FIGURE OUT SOME OF IT. PLEASE HELP. THANK YOU White Star Flour Comp
ID: 2504823 • Letter: I
Question
I COULD ONLY FIGURE OUT SOME OF IT. PLEASE HELP. THANK YOU
White Star Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour.
During May, 14,000 units of flour were completed. Work in Process Sifting Department on May 31 was 1,000 units, 4/5 completed.
Instructions:
Enter an integer number: 24 The number 24 is even Enter an integer number: 7 The number 7 is odd Work in Process-Sifting Department (800 units, 3A completed): Direct materials Direct materials transferred from Milling Department: Journalize the entries for (a) costs transferred from Milling to Sifting and (b) the costs transferred from Sifting to Packaging. Determine the increase or decrease in the cost per equivalent unit from April to May for direct materials and conversion costs. If required, round your answers to two decimal places. Discuss the uses of the cost of production report and the results of part (3).Explanation / Answer
This problem requires FIFO costing, not Average Cost.
Cost per EU in April - DM 2.25 / CC .65
Cost per EU in May - DM 2.35 / CC .70
The steps required to solve this are too lengthy to show here in detail. This problem requires FIFO costing, not Average Cost.
Cost per EU in April - DM 2.25 / CC .65
Cost per EU in May - DM 2.35 / CC .70
The steps required to solve this are too lengthy to show here in detail.
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