Question

Exercise 21-08 a-c The Blending Department of Concord Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April $104,000 72,800 $176,800 $832,000 379,600 $1,211,600 Units transferred out totaled 17,680. Ending work in process was 1,040 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April. Materials Conversion Costs The equivalent units of production Compute the unit costs for the month. Materials Conversion Costs Unit costs Determine the costs to be assigned to the units transferred out and in ending work in process. Transferred out Ending work in process Click if you would like to Show Work for this question: Open Show Work Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER

Answer 1

Solution 21-08 a:

Blending Department
Equivalent units of production (EUP) - Weighted Average method
	Units	% material	EUP-Materials	% Conversion	EUP- Conversion
Units Completed and transferred out	17680	100%	17680	100%	17680
units of Ending work in process	1040	100%	1040	40%	416
Equivalent units of production			18720		18096

Solution 21-08 b:

Cost per Equivalent unit:	Material	Conversion
Cost of Beginning Work in Process	$104,000	$72,800
Cost added	$832,000	$379,600
Total Costs	$936,000	$452,400
/Equivalent units of Production	18720	18096
Cost per Equivalent unit of Production	$50.00	$25.00

Solution 21-08 c:

Cost Assignment and reconciliation
Cost of Units Transferred Out	EUP	Cost per EUP	Total Cost
Material	17680	$50.00	$884,000
Conversion	17680	$25.00	$442,000
Total transferred out			$1,326,000
Cost of ending work in process	EUP	Cost per EUP	Total Cost
Material	1040	$50.00	$52,000
Conversion	416	$25.00	$10,400
Total Ending work in process			$62,400
Total costs assigned				$1,388,400

Solution 21-01 a:

Admission Department
Equivalent units of production (EUP) - Weighted Average method
	Units	% material	EUP-Materials	% Conversion	EUP- Conversion
Units Completed and transferred out	910	100%	910	100%	910
units of Ending work in process	500	100%	500	80%	400
Equivalent units of production			1410		1310

Solution 21-06 a:

Cutting Department
Equivalent units of production (EUP) - Weighted Average method
	Units	% material	EUP-Materials	% Conversion	EUP- Conversion
Units Completed and transferred out	12100	100%	12100	100%	12100
units of Ending work in process	4200	100%	4200	60%	2520
Equivalent units of production			16300		14620