ACCT 344 Week 2 Homework………………….(ACCT 344 Cost Accounting – DeVry)

  

1. Questions: Kali Manufacturing Inc. began the year with the following. Beginning work-in-process 20,000 20% completeTransferred to finished goods 60,000 Ending inventory 10,000 70% completeMaterials added at the beginning of the processRequired: Calculate the equivalent units fora. material costs under the weighted average process cost method;b. conversion costs under the weighted average process cost method;c. material costs under the FIFO process cost method; andd. conversion costs under the FIFO process cost method.2. Questions: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…………………………Required Prepare a cost of production report for current month. Use Weighted Average process costing.