unit DM Convension begining wip 6700 92900 72600 unit star 82500 ending wip 5900 cost incurred...

	unit	DM	Convension
begining wip	6700	92900	72600
unit star	82500
ending wip	5900
cost incurred		42808	60414

Company XYZ manufactures bricks using two departments (Molding and Firing). The company uses the weighted-average method of process costing. Information for the Firing department in the month of October 2020 is as follows:

¹Beginning work in process is 100% complete for direct materials and 54% complete for conversion

²Ending work in process is 100% complete for direct materials and 40% complete for conversion

Summarize the physical flow of units and calculate the output expressed in terms of equivalent units
Summarize the total costs to account for.
Calculate the cost per equivalent unit.
Assign costs to the completed units and to the units in ending work in process inventory.
What is the unit product cost of a brick produced in the Firing department in October?
What kind of costing system do you think each of the following companies uses, and why? Be thorough in explaining the reasoning for your choice and how it fits with the company. a. Hershey’s And b.Warner Bros. Pictures

Expert Solution

ekkarill92 answered 1 year ago

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