distinguish between the different costing methods and provides needed tools

Anonymous
timer Asked: Dec 31st, 2017
account_balance_wallet $15

Question description

Purpose of Assignment

The materials covered this week distinguish between the different costing methods and provides needed tools for decision making. This case study focuses on determining equivalent units in a production business setting.

Assignment Steps

Resources: Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC)

Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.

Scenario: Davis Skaros has recently been promoted to production manager. He has just started to receive various managerial reports, including the production cost report you prepared. It showed his department had 2,000 equivalent units in ending inventory. His department has had a history of not keeping enough inventory on hand to meet demand. He has come to you, very angry, and wants to know why you credited him with only 2,000 units when he knows he had at least twice that many on hand.

Prepare a maximum 700-word informal memo and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory. Using a professional tone, explain to him clearly why your report is accurate.

Format the assignment consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

Tutor Answer

Thomas574
School: Boston College

Done, all part6s are well explained as per your expectations. In case of any query based on my work feel free to share with me

Running head: PRODUCTION COSTS MEMO

Production Costs Memo
Institution Affiliation
Name
Course
Date

1

PRODUCTION COSTS MEMO

2

To: Production Manager, David Skaros
From: Accounting Department
Date :03/01/2018
Subject: Ending Inventory
The main reason why we may have misunderstanding on the department’s ending
inventory quantity is behind the fact that departmental quantities may be expressed in two different
approaches based on what the information is being used. In order to solve the existing confusion
and disputes arising from the production department it is crucial to view on necessity of having an
inventory management. Normally, an effective planning of purchasing and accounting of
quantities form a great part of an inventory management. A productive system of inventory
management will help organizational departments in deciding on the following: what to buy,
quantities of units to buy, where to purchase these quantities as well as where to store them (Fus...

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Review

Anonymous
Totally impressed with results!! :-)

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