Question

The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 34,000 EUP 4,500 EUP 38,500 EUP Conversion 34,000 EUP 2,700 EUP 36,700 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 39,750 376,050 $ 415,800 Conversion $ 4,400 197,450 $ 201,850 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in process 4,000 34,500 34,000 4,500

Answer 1

Costs Changed to poddachoo Costs of begening gook A poocess ни,05 Cost Prcadocd duong the posted 573,20 Total costs to acoont for 67,650 Tot el costs accounted fod 617,650 D Herence due to pound mg costlom? Iunt occanoill10 11on units to account foo Begioning wook Po paucoss 4000 Onits started doing the perfod 34,500 Total unftsbaccount Foo 38,500 Total on pts accounted fod : OnPts completed and toorslevoed our 34,000 Units med png Wook in paucess 4,500 TO10 onlts accounted foo 38,500 Equivalent units of palcocho CEUP)-coerghied average method yo top 10 Eup Malevals Maledol Correo concesion Corts Completed 34000 1001 34000 100734000 Udits an Erdino como o poocess 4500 1001 4800 603 2700 Equivalent on Pts of pardcoction 38.500 38,80 36,700 cost peo Eup Materials conversion Costs Po igining cool process $39,750 $ 4000 Costs Pnecopored during the perfed 376,050 197,450 Total Costa Paccould 415,800 Facevolent onts of prodeochon 38,500 36.700 Cost per ea covalent unit. $10.80 Cost Assignmeor and decondomer Costs toans feoo ooh Eup Cope totes Direct moteof als 34.000 $10.80 3677200 Coovero? 34.000 9.50 $ 187,000 Total toansieooed oor $54,2001 EUP Cost of ending wook Po poocess pero el 4500 $10-80 $ 48,600 Dideck materials 2,700 $5.50 $ 148506 conversion 63,400 Tutel erding cocotc poucos 614,650 Total Costs accounted foo 201,830 $5.50 cast