Please answer all parts! Thanks!
1) Equivalent unit
Material | Labor | Overhead | |
Equivalent unit of ending WIP | 3400*50% = 1700 | 3400*30% = 1020 | 1020 |
2) Cost of ending work in process
Material | Labor | Overhead | Total | |
Cost of ending work in process | 1700*14.40 = 24480 | 1020*3.8 = 3876 | 1020*8.20 = 8364 | 36720 |
3) Cost of unit transferred out
Material | Labor | Overhead | Total | |
Cost of Unit transferred out | 25600*14.40 = 368640 | 25600*3.8 = 97280 | 25600*8.20 = 209920 | 675840 |
4) Cost reconciliation
Total cost to be accounted for | 712560 |
Cost accounted as | |
Cost of unit transferred out | 675840 |
Cost of ending WIP | 36720 |
Total cost accounted for | 712560 |
Please answer all parts! Thanks! Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted Average Method (L04-2,...
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