Answers
Material |
Conversion |
|
Cost per Equivalent units |
$ 3.1405 |
$ 5.9354 |
--Working
EUP - Weighted Average Method |
Units |
% Material |
EUP Materials |
% Conversion |
EUP - Conversion |
Units TRANSFERRED |
17,100 |
100% |
17,100 |
100% |
17,100 |
Units of ENDING WIP |
5,100 |
100% |
5,100 |
20% |
1,020 |
Equivalent Units of Production |
22,200 |
18,120 |
|||
COST per EUP |
Material |
Conversion |
|||
Cost of Beginning WIP |
$ 10,580.00 |
$ 15,358.00 |
|||
Cost incurred during the period |
$ 59,140.00 |
$ 92,192.00 |
|||
Total Costs |
Costs |
$ 69,720.00 |
Costs |
$ 107,550.00 |
|
Equivalent units of production |
EUP |
22,200 |
EUP |
18,120 |
|
Cost per EUP |
$ 3.14054 |
$ 5.93543 |
Cost of Units Transferred Out |
EUP |
Cost per EUP |
Total Cost |
|
- Direct Materials |
17,100 |
$ 3.1405 |
$ 53,702.55 |
|
- Conversion |
17,100 |
$ 5.9354 |
$ 101,495.34 |
|
Total Cost transferred Out |
$ 155,197.89 |
Cost of ending WIP |
EUP |
Cost per EUP |
Total Cost |
|
- Direct Materials |
5,100 |
$ 3.1405 |
$ 16,016.55 |
|
- Conversion |
1,020 |
$ 5.9354 |
$ 6,054.11 |
|
Total cost of ending WIP |
$ 22,070.66 |
Weighted average cost per unit at 40%
change = $5.7596
Weighted average cost per unit earlier = $ 9.0759
Hence,
Cost per unit DECREASES
by $ 3.3163
--Working
Material |
Conversion |
|
Cost per Equivalent units |
$ 3.1405 |
$ 5.6191 |
EUP - Weighted Average Method |
Units |
% Material |
EUP Materials |
% Conversion |
EUP - Conversion |
Units TRANSFERRED |
17,100 |
100% |
17,100 |
100% |
17,100 |
Units of ENDING WIP |
5,100 |
100% |
5,100 |
40% |
2,040 |
Equivalent Units of Production |
22,200 |
19,140 |
|||
COST per EUP |
Material |
Conversion |
|||
Cost of Beginning WIP |
$ 10,580.00 |
$ 15,358.00 |
|||
Cost incurred during the period |
$ 59,140.00 |
$ 92,192.00 |
|||
Total Costs |
Costs |
$ 69,720.00 |
Costs |
$ 107,550.00 |
|
Equivalent units of production |
EUP |
22,200 |
EUP |
19,140 |
|
Cost per EUP |
$ 3.14054 |
$ 5.61912 |
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the...
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction Industry). The following information is for the production of these trusses for the month of February 4.100 trusses $10,580 $15, 358 18,100 trusses 17,100 trusses Work-in-process inventory, February 1 Direct materials: 100% complete Conversion: 48% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 20% complete Costs incurred during February Direct...
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 3,100 trusses Direct materials: 100% complete $ 10,580 Conversion: 20% complete $ 15,358 Units started during February 18,100 trusses Units completed during February and transferred out 17,100 trusses Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 40% complete Costs incurred during February...
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: 4,400 trusses $10,880 $15,658 18,400 trusses 17,400 trusses Work-in-process inventory, February 1 Direct materials: 100% complete Conversion: 40% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 20% complete Costs incurred during February Direct materials...
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 4,000 trusses Direct materials: 100% complete $ 10,480 Conversion: 20% complete $ 15,258 Units started during February 18,000 trusses Units completed during February and transferred out 17,000 trusses Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 40% complete Costs incurred during February...
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry. The following information is for the production of these trusses for the month of February points 4.900 trusses $11.380 $16, 158 18,9ea trusses 17,9ee trusses ebook Work-in-process inventory, February 1 Direct materials: 100 complete Conversione complete Units started during February Units completed during February and transferred out work-in-process inventory. February 29 Direct materials: les complete Conversion: 30 complete Costs incurred during February...
USING WEIGTHED AVERAGE METHOD
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February 3,480 trusses $10,280 $15,058 17,880 trusses 16,800 trusses Work-in-process inventory, February 1 Direct materials: 100% complete Conversion: 20% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 40% complete Costs incurred...
USING FIFO
Check my Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February Work-in-process inventory, February 1 Direct materials: ieex complete Conversion: 3e% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: les complete Conversion: 38% complete Costs incurred during February Direct materials Conversion 4,600 trusses $11,089...
Problem 6-44 FIFO Method [LO 6-2, 6-3, 6-5) Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February oints Print 4,200 trusses $10,680 $15,458 18,200 trusses 17,200 trusses References Work-in-process inventory, February 1 Direct materials: 100complete Conversion: 209 complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100%...
Pablo Company calculates the cost for an equivalent unit of
production using process costing.
Data for June
Work-in-process inventory, June 1: 16,000
units
Direct materials: 100% complete
$
32,000
Conversion: 40% complete
12,800
Balance in work-in-process, June 1
$
44,800
Units started during June
39,200
Units completed and transferred out
39,200
Work-in-process inventory, June 30
16,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials
$
90,160
Conversion costs
Direct labor
90,160
Applied overhead
121,520
Total...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 21,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $ 42,000 16,800 $ 58,800 50,200 50,200 21,000 $140,560 140,560...