Calculate: (Using weighted average process costing method)
1) cost of goods completed and transferred out during April
2) total cost of the handling department's work in process inventory at April 30
3) direct material unit cost
Solution
1) cost of goods completed and transferred out during April = $ 448,200
2) total cost of the handling department's work in process inventory at April 30= $192,324
3) direct material unit cost= $3.85
Working
Reconciliation of Units | ||
A | Beginning WIP | 18,000 |
B | Introduced | 80,000 |
C=A+B | TOTAL | 98,000 |
D | Transferred out | 54,000 |
E=C-D | Ending WIP | 44,000 |
.
Statement of Equivalent Units(Weighted average) | |||||||
Material | Conversion cost | ||||||
Units | Complete % | Equivalent units | Complete % | Equivalent units | |||
Transferred out | 54,000 | 100% | 54,000 | 100% | 54,000 | ||
Ending WIP | 44,000 | 28% | 12,320 | 74% | 32,560 | ||
Total | 98,000 | Total | 66,320 | Total | 86,560 |
.
Cost per Equivalent Units (Weighted average) | ||||
COST | Material | Conversion cost | TOTAL | |
Beginning WIP Inventory Cost | $ 64,996 | $ 152,785 | $ 217,781 | |
Cost incurred during period | $ 190,336 | $ 232,407 | $ 422,743 | |
Total Cost to be accounted for | $ 255,332 | $ 385,192 | $ 640,524 | |
Total Equivalent Units | 66,320 | 86,560 | ||
Cost per Equivalent Units | $ 3.85 | $ 4.45 | $ 8.30 |
.
Statement of cost (Weighted average) | |||||
Cost | Equivalent Cost/unit | Ending WIP | Transferred | ||
Units | Cost Allocated | Units | Cost Allocated | ||
Material | $ 3.85 | 12,320 | $ 47,432.00 | 54,000 | $ 207,900.00 |
Conversion cost | $ 4.45 | 32,560 | $ 144,892.00 | 54,000 | $ 240,300.00 |
TOTAL | $ 640,524 | TOTAL | $ 192,324 | TOTAL | $ 448,200 |
Calculate: (Using weighted average process costing method) 1) cost of goods completed and transferred out during...
Calculate: (Using FIFO process costing method)
1) total cost of the 18,000 units in beginning work in
process
2) cost of goods completed and transferred out during
April
3) cost of goods that were started and completed in the
month of April
4) total cost of the handling department's work in
process inventory at April 30
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: % complete...
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: % complete % complete units DM conversion work in process, April 1 18,000 38% 71% units started during April 80,000 work in process, April 30 44,000 28% 74% The cost of beginning work in process and the costs added during April were as follows: DM Conversion Total cost work in process, April 1 $ 64,996 $152,785 $217,781 costs...
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: % complete % complete units DM conversion work in process, April 1 18,000 38% 71% units started during April 80,000 work in process, April 30 44,000 28% 74% The cost of beginning work in process and the costs added during April were as follows: DM Conversion Total cost work in process, April 1 $ 64,996 $152,785 $217,781 costs...
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: % complete % complete units DM conversion work in process, April 1 18,000 38% 71% units started during April 80,000 work in process, April 30 44,000 28% 74% The cost of beginning work in process and the costs added during April were as follows: DM Conversion Total cost work in process, April 1 $ 64,996 $152,785 $217,781 costs...
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: % complete DM % complete conversion 71% 38% nail 1 work in process, April 1 units started during April work in process, April 30 units 18,000 80,000 44,000 28% 74% The cost of beginning work in process and the costs added during April were as follows: work in process, April 1 costs added during April total costs DM...
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: % complete % complete units DM conversion work in process, April 1 18,000 38% 71% units started during April 80,000 work in process, April 30 44,000 28% 74% The cost of beginning work in process and the costs added during April were as follows: DM Conversion Total cost work in process, April 1 $ 64,996 $152,785 $217,781 costs...
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: RS % complete DMTE 38% PON % complete conversion work in process, April 1 11 units started during April work in process, April 30 units 18,000 80,000 44,000 28% The cost of beginning work in process and the costs added during April were as follows: work in process, April 1 costs added during April total costs DM $...
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: % complete DM % complete conversion 71% 38% work in process, April 1 units started during April work in process, April 30 units 18,000 80,000 44,000 28% 74% The cost of beginning work in process and the costs added during April were as follows: DM work in process, April 1 costs added during April total costs $ 64,996...
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: % complete % complete units DM conversion work in process, April 1 18,000 38% 71% units started during April 80,000 work in process, April 30 44,000 28% 74% The cost of beginning work in process and the costs added during April were as follows: DM Conversion Total cost work in process, April 1 $ 64,996 $152,785 $217,781 costs...
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: % complete % complete units DM conversion work in process, April 1 18,000 38% 71% units started during April 80,000 work in process, April 30 44,000 28% 74% The cost of beginning work in process and the costs added during April were as follows: DM Conversion Total cost work in process, April 1 $ 64,996 $152,785 $217,781 costs...