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Mixing. All rawm wack Company manufactures one product that goes through one processing department called ing. All raw mater
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Answer #1
Particulars Debit Credit
1) WIP - Mixing Department $ 199,500.00
To Raw Materials $ 120,000.00
To Factory Payroll Payable $   79,500.00
2) WIP - Mixing Department $   97,000.00
To Manu. OH $   97,000.00
3) Units in beginning WIP 5000
Add: Units Introduced 37500
Less: Units in Ending WIP 8000
Units Completed and Transferred Out 34500
4) Equivalent units of production for materials 42500 (W.N)
5) Equivalent units of production for conversion 37700 (W.N)
W.N Total Equivalent Units
Particulars Units % Materials % Conversion
Units Completed 34500 100% 34500 100% 34500
Units in Ending WIP 8000 100% 8000 40% 3200
42500 37700
Materials
6) Cost of Beginning WIP $   16,000.00
Cost added during the period $ 120,000.00
$ 136,000.00
Conversion
7) Cost of Beginning WIP $   12,000.00
Cost added during the period $ 176,500.00 ($ 79500 + $ 97000)
$ 188,500.00
Materials
8) Cost per equivalent units $             3.20 ($ 136000 / 42500)
Conversion
9) Cost per equivalent units $             5.00 ($ 188500 / 37700)
Materials
10) Cost of Ending WIP $   25,600.00 ($ 3.2 x 8000)
Conversion
11) Cost of Ending WIP $   16,000.00 ($ 5 x 3200)
Materials
12) Goods transferred to F.G $ 110,400.00 ($ 3.2 x 34500)
Conversion
13) Goods transferred to F.G $ 172,500.00 ($ 5 x 34500)
Particulars Debit Credit
14) Finished Goods Inventory $ 282,900.00
To Work in Process $ 282,900.00
($ 110400 + $ 172500)
15) Total Cost to be accounted for
Materials
Cost of Beginning WIP $   16,000.00
Cost added during the period $ 120,000.00
(A) $ 136,000.00
Conversion
Cost of Beginning WIP $   12,000.00
Cost added during the period $ 176,500.00 ($ 79500 + $ 97000)
(B) $ 188,500.00
(A+B) $ 324,500.00
Total cost accounted for
Materials
Cost of Ending WIP $   25,600.00
Goods transferred to F.G $ 110,400.00
(A) $ 136,000.00
Conversion
Cost of Ending WIP $   16,000.00
Goods transferred to F.G $ 172,500.00
(B) $ 188,500.00
(A+B) $ 324,500.00
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