Total cost to account for: |
|||||
Cost of beginning work in process |
$347240 |
||||
Cost incurred this period |
$3016700 |
||||
Total costs to account for |
$3363940 |
||||
Total costs accounted for |
$3363940 |
||||
Difference due to rounding cost/unit |
$0 |
||||
Unit reconciliation: |
|||||
Units to account for: |
|||||
Beginning work in process inventory-units |
5400 |
||||
Units started this period |
21700 |
||||
Total units to account for |
27100 |
||||
Total units accounted for: |
|||||
Units completed & transferred out |
23500 |
||||
Ending work in process-units |
3600 |
||||
Total units accounted for |
27100 |
||||
EUP-weighted average method |
Units |
% Material |
EUP-Materials |
% Conversion |
EUP-Conversion |
Units completed and transferred out |
23500 |
100% |
23500 |
100% |
23500 |
Ending work in process-units |
3600 |
100% |
3600 |
80% |
2880 |
Total units |
27100 |
27100 |
26380 |
||
Cost per equivalent unit of production |
Materials |
Conversion |
|||
Cost of beginning WIP |
$17300 |
$329940 |
|||
Cost incurred this period |
$497600 |
$2519100 |
|||
Total costs |
Costs |
$514900 |
$2849040 |
||
÷Equivalent units of production |
EUP |
27100 |
26380 |
||
Cost per equivalent unit of production |
$19 |
$108 |
|||
Total costs accounted for: |
|||||
Cost of units transferred out: |
EUP |
Cost per EUP |
Total Cost |
||
Direct Materials |
23500 |
$19 |
$446500 |
||
Conversion |
23500 |
$108 |
$2538000 |
||
Total costs transferred out |
$2984500 |
||||
Cost of ending WIP |
|||||
Direct Material |
3600 |
$19 |
$68400 |
||
Conversion |
2880 |
$108 |
$311040 |
||
Total cost of ending WIP |
$379440 |
||||
Total costs accounted for |
$3363940 |
Required information [The following information applies to the questions displayed below.] Tamar Co. manufactures a single...
Required information The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in one department All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 23,500 units of product to finished goods inventory. Its 5.400 units of beginning work in process consisted of $17,300 of direct materials and $329,940 of conversion costs. It has 3,600 units (100% complete...
Required information (The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 29,250 units and transferred 30,700 units of product to the Assembly department. Its 4,700 units of beginning work in process consisted of $21,500 of direct materials and $298.440 of conversion costs. It has 3,250...
Required information [The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 24,700 units of product to finished goods inventory. Its 3,500 units of beginning work in process consisted of $20,300 of direct materials and $244,440 of conversion costs. It has 2,650 units (100% complete...
[The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 29,250 units and transferred 30,700 units of product to the Assembly department. Its 4,700 units of beginning work in process consisted of $21,500 of direct materials and $298,440 of conversion costs. It has 3,250 units (100%...
Required information {The following information applies to the questions displayed below) Tamar Co. manufactures a single product in one department All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 24,000 units of product to finished goods inventory. Its 5.500 units of beginning work in process consisted of $17.400 of direct materials and 5334440 of conversion costs. It has 3,650 units (100% complete...
Required information [The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 25,200 units and transferred 26,200 units of product to the Assembly department. Its 3,800 units of beginning work in process consisted of $20,600 of direct materials and $257,940 of conversion costs. It has 2,800...
Required information [The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 22,500 units and transferred 23,200 units of product to the Assembly department. Its 3,200 units of beginning work in process consisted of $20,000 of direct materials and $230,940 of conversion costs. It has 2,500...
tThe following informanon applies to the questions displayed below] Tamar Co. manufactures a single product in one department All direct maternals are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the and transferred 25,200 unts of product to finished goods Inventory. Its 3,600 unts of beginning work in process company completed of direct consisted of respect to direct materials and 80% complete with respect to conversion) in process at month-end....
Required Information (The following information applies to the questions displayed below.] 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...
Required information [The following information applies to the questions displayed below.) 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...