Question

plzz answer all partsExercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior M

0 0
Add a comment Improve this question Transcribed image text
Answer #1
1] Physical Units Equivalent Units
Material Labor Overheads Total
Units processed and transferred to next department 25000 25000 25000 25000
Ending WIP inventory 3000 2400 1800 1800
2] Cost of ending WIP:
Cost per equivalent unit [as given] $            12.50 $             3.20 $             6.40
Cost of ending WIP $          30,000 $           5,760 $        11,520 $        47,280
3] Cost of units transferred to next department $      3,12,500 $         80,000 $    1,60,000 $    5,52,500
4] COST RECONCILIATION:
Costs to be accounted for:
Costs in beginning inventory+Costs added during the month $    5,99,780
Total costs to be accounted for $    5,99,780
Costs accounted for:
Cost of ending WIP $          30,000 $           5,760 $        11,520 $        47,280
Cost of units transferred to next department $      3,12,500 $         80,000 $    1,60,000 $    5,52,500
Total costs accounted for $      3,42,500 $         85,760 $    1,71,520 $    5,99,780
Add a comment
Know the answer?
Add Answer to:
plzz answer all parts Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5)...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT