Vesuvius Tile Company Excel Solution

May 23rd, 2016
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The following data pertain to the Vesuvius Tile Company for July

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The following data pertain to the Vesuvius Tile Company for JulyWork in process, July 1 (in units)Units started during JulyTotal units to account forUnits completed and transferred out during JulyWork in process, July 31 (in units)Total equivalent units: direct materialTotal equivalent units: conversionWork in process, July 1: direct materialWork in process, July 1: conversionCosts incurred during July: direct materialCosts incurred during July: conversionWork in process, July 1: total costTotal costs incurred during JulyTotal costs to account forCost per equivalent unit: direct materialCost per equivalent unit: conversionTotal cost per equivalent unitCost of goods completed and transfered out during JulyCost remaining in ending work-in-process inventory: direct materialCost remaining in ending work-in-process inventory: conversionTotal cost of July 31 work in processAdditional Information:a. Direct material is added at the beginning of the production process,and conversion activity occursuniformly throughout the process.b. The company uses weighted-average process costing.c. The July 1 work in process was 30 percent complete as to conversion.d. The July 31 work in process was 40 percent complete as to conversion.Work in process, July 1 (in units)Units started during JulyTotal units to account forUnits completed and transferred out during JulyWork in process, July 31 (in units)Total equivalent units: direct materialTotal equivalent units

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