Equivalent Units | |||||
Physical Units | Materials | Conversion Costs | |||
Units to be accounted for | |||||
Work in process, July 1 | 0 | ||||
Started into production | 21000 | ||||
Total units | 21000 | ||||
Units accounted for | |||||
Transferred out | 17850 | 17850 | 17850 | ||
Work in process, July 31 | 3150 | 3150 | 1890 | ||
Total units | 21000 | 21000 | 19740 | ||
Materials | Conversion Costs | Total | |||
Unit costs: | |||||
Total costs | 399000 | 355320 | 754320 | ||
Equivalent units | 21000 | 19740 | |||
Unit costs | 19.00 | 18.00 | 37.00 | ||
Costs to be accounted for | |||||
Work in process, July 1 | 0 | ||||
Started into production | 754320 | ||||
Total costs | 754320 | ||||
Cost Reconciliation Schedule | |||||
Costs accounted for | |||||
Transferred out | 660450 | =17850*37 | |||
Work in process, July 31 | |||||
Materials | 59850 | =3150*19 | |||
Conversion costs | 34020 | 93870 | =1890*18 | ||
Total costs | 754320 |
Problem 3-3A (Video) (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In...
Problem 16-3A (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows. Cutting Department Production Data—July Plant 1 T12-Tables Plant 2 C10-Chairs Work in process units, July 1 0 0 Units started into production 21,000 16,800 Work in process units, July 31 3,150...
Problem 3-3A (Video) (Part Level Submission) Thakin Industries Inc, manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department Production Data-July T12-Tables Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 22,000 3,420 Cost DataJuly Work in process, July 1...
Problem 3-3A (Video) (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department T12-Tables Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 24,800 3,720 60 Cost Data-July Work in process, July...
Problem 3-3A (Video) (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department Production Data—July T12-Tables Work in process units, July 1 0 Units started into production 21,600 Work in process units, July 31 3,240 Work in process percent complete 60 Cost Data—July Work in process,...
Problem 3-3A (Video) (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department T12-Tables Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 23,200 3,480 60 Cost Data-July Work in process, July...
Problem 3-3A (Video) (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department T12-Tables Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 24,800 3,720 60 Cost Data-July Work in process, July...
Problem 3-3A (Video) (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department Production Data—July T12-Tables Work in process units, July 1 0 Units started into production 24,000 Work in process units, July 31 3,600 Work in process percent complete 60 Cost Data—July Work in process,...
Problem 3-3A (Video) (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department T12-Tables Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 24,800 3,720 60 Cost Data-July Work in process, July...
Problem 3-3A (Video) (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department Production Data—July T12-Tables Work in process units, July 1 0 Units started into production 21,600 Work in process units, July 31 3,240 Work in process percent complete 60 Cost Data—July Work in process,...
Problem 3-3A (Video) (Part Level Submission) Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department T12-Tables Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 24,800 3,720 60 Cost Data-July Work in process, July...