Equivalent units of production (EUP)- weighted average method | |||||
Units | %Materials | EUP-Materials | %Conversion | EUP-Conversion | |
Units completed and transferred out | 300000 | 100% | 300000 | 100% | 300000 |
Ending work in process | 82000 | 80% | 65600 | 30% | 24600 |
Total units | 382000 | 365600 | 324600 | ||
Cost per equivalent unit of production | Materials | Conversion | |||
Cost of beginning work in process | 118472 | 48594 | |||
Costs incurred this period | 850368 | 649296 | |||
Total costs | Costs | 968840 | Costs | 697890 | |
÷ Equivalent units of production | EUP | 365600 | EUP | 324600 | |
Cost per equivalent unit of production | 2.65 | 2.15 | |||
Total costs to account for: | |||||
Direct materials-Prior period | 118472 | ||||
Conversion-Prior period | 48594 | ||||
Direct materials-Current period | 850368 | ||||
Conversion-Current period | 649296 | ||||
Total costs to account for | 1666730 | ||||
Total costs accounted for | 1666730 | ||||
Difference due to rounding cost/unit | 0 | ||||
Cost Assignment and reconciliation: | |||||
Cost of units transferred out | EUP | Cost per EUP | Total cost | ||
Direct materials | 300000 | 2.65 | 795000 | ||
Conversion | 300000 | 2.15 | 645000 | ||
Total cost transferred out | 1440000 | ||||
EUP | Cost per EUP | Total cost | |||
Cost of ending work in Process | |||||
Direct materials | 65600 | 2.65 | 173840 | ||
Conversion | 24600 | 2.15 | 52890 | ||
Total Cost of ending work in Process | 226730 | ||||
Total cost accounted for | 1666730 |
Use the following information for the Exercises below. (The following information applies to the questions displayed...
Required information [The following information applies to the questions displayed below.] During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the...
Use the following information for the Exercises below. [The following information applies to the questions displayed below.] During April, the first production department of a process manufacturing system completed its work on 300,000 units of a product and transferred them to the next department. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials...
Required information The following information applies to the questions displayed below) During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the...
Use the following information for the Exercises below. [The following information applies to the questions displayed below) During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete...
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! Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.] During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60%...
6 ! Required information [The following information applies to the questions displayed below.] Part 2 of 2 0.5 points During April, the first production department of a process manufacturing system completed its work on 300,000 units of a product and transferred them to the next department. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect...
Check my we Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below.] During April, the first production department of a process manufacturing system completed its work on 300,000 units of a product and transferred them to the next department. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60%...
Use the following information for the Exercises below. (The following information applies to the questions displayed below) During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] During April, the first production department of a process manufacturing system completed its work on 300,000 units of a product and transferred them to the next department. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below. During April, the first production department of a process manufacturing system completed its work on 300,000 units of a product and transferred them to the next department. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect...