Details of this Paper

The Malbim Company uses a process costing system

Description

solution


Question

Question;Provide your answers in an MSWord document or as an Excel spreadsheet with each exercise or problem clearly labeled. Use CSU-Global APA formatting and citation if needed.;The Malbim Company uses a process costing system. Materials are added at the beginning of the process. On July 1 there are 400 units in the beginning inventory that are 100% complete as to materials. With regard to labor and overhead, however, the units in beginning inventory (July 1) are only 75% complete.;During July, 10,000 units were placed in production, of these, 7,400 were completed and transferred to the next department. On July 31, the remaining 3,000 units were 20% complete with regard to labor and overhead.;Required: (Be sure to show your calculations for each);Using the Weighted Average method, calculate the equivalent units ofDirect MaterialsDirect Labor and Factory Overhead;Using the FIFO method, calculate the equivalent units ofDirect MaterialsDirect Labor and Factory Overhead

 

Paper#50846 | Written in 18-Jul-2015

Price : $22
SiteLock