Total costs to account for: | |||||
Costs of beginning work in process | 8860 | ||||
Costs incurred this period | 647640 | ||||
Total costs to account for | 656500 | ||||
Total costs accounted for | 656500 | ||||
Difference due to rounding cost/unit | 0 | ||||
Unit reconciliation: | |||||
Units to account for: | |||||
Beginning work in process inventory | 2000 | ||||
Units started this period | 20000 | ||||
Total units to account for | 22000 | ||||
Total units accounted for: | |||||
Units completed and transferred out | 17000 | ||||
Ending work in process | 5000 | ||||
Total units accounted for | 22000 | ||||
Equivalent units of production (EUP)- weighted average method | |||||
Units | %Materials | EUP-Materials | %Conversion | EUP-Conversion | |
Units completed and transferred out | 17000 | 100% | 17000 | 100% | 17000 |
Ending work in process | 5000 | 100% | 5000 | 35% | 1750 |
Total units | 22000 | 22000 | 18750 | ||
Cost per equivalent unit of production | Materials | Conversion | |||
Cost of beginning work in process | 2500 | 6360 | |||
Costs incurred this period | 168000 | 479640 | |||
Total costs | Costs | 170500 | Costs | 486000 | |
÷ Equivalent units of production | EUP | 22000 | EUP | 18750 | |
Cost per equivalent unit of production | 7.75 | 25.92 | |||
Total cost accounted for: | |||||
Cost of units transferred out | EUP | Cost per EUP | Total cost | ||
Direct materials | 17000 | 7.75 | 131750 | ||
Conversion | 17000 | 25.92 | 440640 | ||
Total cost transferred out | 572390 | ||||
EUP | Cost per EUP | Total cost | |||
Cost of ending work in Process | |||||
Direct materials | 5000 | 7.75 | 38750 | ||
Conversion | 1750 | 25.92 | 45360 | ||
Total Cost of ending work in Process | 84110 | ||||
Total cost accounted for | 656500 |
2016: Managerial Accounting (34327) Connect - To Do Assignments Ch16 Homework work 0 Saved Help Save...
Ch 16 Quiz in Connect i Saved 3 Required information (The following information applies to the questions displayed below. The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. 8 00:44:13 Equivalent Units of Production Units transferred out Units of...
Ch 03 Ex 3-12 Saved Help Save & Exit Submit Check my work Required information [The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. points eBook Hint Equivalent Units of...
Ch 03 Ex 3-9 A Saved Help Save & Exit Submit Check my work 10 points Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] eBook Hint During April, the first production department of a process manufacturing system completed its work on 405,000 units of a product and transferred them to the next department. Of these transferred units, 81,000 were in process in the production department at the beginning of...
Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. $ 5,058 11,298 Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costs 6,200 Beginning work in process inventory 23,000 Direct materials 7,400 Conversion Direet materials added 1001 Direet labor added 356 Overhead applied (908 of direct labor) Total costs to account...
ignments Saved Required information [The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production...
Check my w 14 Elliott Company produces large quantities of a standardized product. The following information is available for its production activities for March. 0.54 points Units Beginning work in process inventory Started Ending work in process inventory 4,000 40,000 8,000 Costs Beginning work in process inventory Direct materials Conversion Skipped $ 4,720 15, 264 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete 25% Direct materials added 100% Direct labor added Overhead applied (140% of direct labor)...
how do I calculate? The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 33,500 EUP 33,500 EUP 4,000 EUP...
Required information [The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Equivalent Units of Production Direct Materials Conversion Units transferred out 37,000 EUP 37,000 EUP Units of ending work in...
The following partially completed process cost summary describes the July production activites of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Required information [The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company....
I need help with my assignment please.. Exercise 3-12 Weighted average: Completing a process cost summary LO C3 The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion Equivalent Units of Production Units transferred out Units of ending work in process Direct Materials...