# ACCT460 Process Costing - You Got Yogurt, Inc. manufactures

Question # 00645157
Due on: 03/10/2023
Posted On: 03/10/2023 01:43 AM
Tutorials: 1
Rating:
4.9/5
Question

Acct460

OPTION #1: PROCESS COSTING

You Got Yogurt, Inc. manufactures yogurt that goes through three processing stages prior to completion. Information on work in the first department, flavor identification and blending, is given below for November:

 Data on Production: Pounds in process at November 1; materials 100% complete; conversion 70% complete 3,525 Pounds started into production during November 75,000 Pounds completed and transferred out ? Pounds in process, November 30; materials 85% complete; conversion 40% complete 6,100 Data on Costs: Work in process inventory, November 1: Materials cost \$1,800 Conversion cost \$3,700 Cost added during November: Materials cost \$121,000 Conversion cost \$147,700

The company uses the weighted-average method.

Submit your assignment as an Excel spreadsheet document, clearly organized, with each tab or section labeled by item number that demonstrates the following:

1. Compute the equivalent units of production.
2. Compute the costs per equivalent unit for the month.
3. Determine the cost of ending work in process inventory and of the units transferred out to the next department.
4. Prepare a cost reconciliation schedule for the month. Below the schedule, comment on what the cost reconciliation schedule tells us about the company’s costs.

Responses should be in complete sentences utilizing proper grammar. Your paper must be formatted according to CSU-Global Guide to Writing and APA Requirements (Links to an external site.). Reference Lynda.com in the CSU-Global Library (Links to an external site.) for Microsoft Excel tutorials or use the Excel Tutorials link found in the classroom if assistance is needed.

Review the Module 3 Critical Thinking Rubric for full details on how you will be graded on this assignment.

Posted By :
Questions: 14694 Tutorials: 14694
Tutorials for this Question

#### ACCT460 Process Costing - You Got Yogurt, Inc. manufactures

Tutorial # 00644039
Posted On: 03/10/2023 01:44 AM
Feedback Score: Not rated yet!
Purchased By: 2
Posted By:
Questions:
14694
Tutorials:
14694
Tutorial Preview
The solution of ACCT460 Process Costing - You Got Yogurt, Inc. manufactures...
Attachments
ACCT460_Process_Costing_-_You_Got_Yogurt,_Inc__manufactures.ZIP (18.96 KB)

Great! We have found the solution of this question!

Related Questions
Accounting Quiz - check The QM/ATR rule applies to which types
Argosy University Accounting Quiz Questions Question Title *4. (check The QM/ATR rule applies to which types of transactions? all that apply)  HELOCs  Closed-end consumer credit …
Accounting - Explore and apply the basic multidimensional
Accounting Question Explore and apply the basic multidimensional analysis by linking multiple cubes. Requirements: Create visualizations to answer the following questions. 1) Compute your tea …
Accounting Research Case - prepare an Accounting Research Memo
Accounting Research Case Required: prepare an Accounting Research Memo to the Heavenly Travel, Inc. 2022 Audit File. Since the events indicate that the carrying amount of the asset group may not be …
Colorado ACC300 Accounting Cycle and Shareholders Value
ACC 300 CSU Accounting Cycle and Shareholders Value Questions The Accounting Cycle and Stockholders’ Equity Analysis Part 3 ASSUME YOU ARE THE CHIEF ACCOUNTANT MAKING A PRESENTATION DUR …
Colorado ACT460 Week 8 Comprehensive Project Costing Paper
ACT 460 Colorado State University Week 8 Comprehensive Project Costing Paper OPTION #1: COMPREHENSIVE PROJECT COSTING Restaurants offer a variety of menu items which have different sizes, ingred …
Inventory Errors Impact on Financials Exercise
KU Inventory Errors Impact on Financials Exercise You have been hired as the new controller for the Ralston Company. Shortly after joining the company in 2024, you discover the following errors rel …
Accounting purpose Accounting objectives
Accounting principles –LO1 Guideline LO1 Achieved the idea The idea needs to be paraphrased Need more explanation Not Achieved the idea Task 1 Accounting purpose Accounting …
Business Finance - Accounting Reimbursement And Profitability
Business Finance - Accounting Reimbursement And Profitability Assignment Consider that you are a financial manager in a health care organization. Write a 500-600-word essay that describes the fo …
Accounting Error Analysis
Error Analysis project …
Accounting Error Analysis
Error Analysis Project …
Recent Questions
Discussion - Conditioned reinforcement, Identify a behavior that a chaining
Discussion questions 1. Review the presentation titled "Conditioned reinforcement" in chapter 10. 2. Identify a behavior that a chaining procedure would be appropriate to use to teach …
Discussion Chapter 20 - Identify the various terms members
Chapter twenty discussion board 54 Chapter twenty discussion board item: Identify the various terms members of the Ecstasy-using community use to describe their experiences with the drug (&lsquo …
PSYC465 - Describe a recent conflict or negative situation
PSYC 465 MARRIAGE Read Chapters 5, 6, and Appendix A from The DNA of Relationships for Couples. Answer the two questions (Smalley and Paul, 2006, Appendix A) posed in Appendix A (the questions a …
Abanormal Week 11 - Why is marijuana the most frequently
Abanormal week 11 For the discussion this week, consider and address the following questions (all questions need to be answered): Why is marijuana the most frequently used illegal drug in the U. …
Week 4 Assignment - Behavioral Neuroscience Research Paper
Psychology Question Week 4 Assignment - Final BN Research Paper Behavioral Neuroscience Research Paper"Biologically Based Psychological Disorders"For your Behavioral Neuroscience …
Develop your own family genogram, The Genogram
Genogram Project -  Develop your own family genogram. The Genogram must be representative of at least 3 generations, including yourself i.e. Your grandparents, your parents, You; Your parents …
Maria Sanchez is a 60-year-old Latina woman who has concerns
Scenario: Maria Sanchez is a 60-year-old Latina woman who has concerns about her neighbor Lynn, a 21-year-old White woman. Lynn appears to have “issues” and is disturbing the neighbors at …
Chapter 4 - Describe what you find to be important in order for a person
After reading Brooks chapter 4, answer the following aswer the question After reading Brooks chapter 4, answer the following: Describe, in your own words, what you find to be important in ord …
Demonstrate your understanding of sociology and culture by explaining
Chapter twenty-two NOTE: Points will be deducted for the inclusion of outside references.  The resources you need to complete assignments are to be found in the assigned course readings.   …
PSY310 - A key concept in operant conditioning
Punishment A key concept in operant conditioning is to examine how the consequences of a behavior contribute to the likelihood of the behavior occurring again.  Is there a behavior of yours (o …