Cost Accounting

Sep 15th, 2013
Business & Finance
Price: $15 USD

Question description

Need all work shown so i am able to understand this!

Problem 1:

Kali Manufacturing Inc. began the year with the following.


Beginning work-in-process


20% complete

Transferred to finished goods


Ending inventory


70% complete

Materials added at the beginning of the process

Calculate the equivalent units for

  1. material costs under the weighted average process cost method;
  2. conversion costs under the weighted average process cost method;
  3. material costs under the FIFO process cost method; and
  4. conversion costs under the FIFO process cost method.

Problem 2:

Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows.

Production Data


In process, beginning of month (20% converted)


Started during current month


Completed and transferred to finished goods


In process, end of month (60% converted)


Manufacturing Costs

Work in process, beginning





Production Costs Added



  -Direct labor cost


  -Factory overhead cost


Prepare a cost of production report for current month. Use Weighted-Ave process costing.

Tutor Answer

(Top Tutor) Daniel C.
School: Cornell University

Studypool has helped 1,244,100 students

Review from our student for this Answer

Sep 19th, 2013
"Top quality work from this guy! I'll be back!"
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors