Materials | Conversion | ||||
Equivalent units of production | 44400 | 39480 |
Materials | Conversion | ||||
Unit cost | $ 1.80 | $ 4.45 |
Cost of Units transferred out | $ 226,250.00 | ||
Cost of ending WIP | $ 29,356.00 |
Workings:
Production Cost Report | |||
Equivalent Units | |||
Physical | Conversion | ||
Quantities | Units | Materials | Costs |
Units to be | |||
accounted for | |||
Beginning WIP | 0 | ||
Started into | 44400 | ||
production | |||
Total Units | 44400 | ||
Units accounted | |||
for | |||
Transferred Out | 36200 | 36200 | 36200 |
Ending WIP | 8200 | 8200 | 3280 |
Total Units | 44400 | 44400 | 39480 |
Conversion | |||
Costs | Materials | Costs | Total |
Unit Costs | |||
Total Costs | $ 79,920.00 | $ 175,686.00 | $ 255,606.00 |
Equivalent Units | 44400 | 39480 | |
Unit Costs | $ 1.80 | $ 4.45 | $ 6.25 |
Costs to be | |||
accounted for | |||
Beginning WIP | $ - | ||
Started into | $ 79,920.00 | $ 175,686.00 | $ 255,606.00 |
production | |||
Total | $ 255,606.00 | ||
Costs accounted | |||
for | |||
Transferred Out | (W.N.1) | $ 226,250.00 | |
Ending WIP | (W.N. 2) | $ 29,356.00 | |
Total | $ 255,606.00 |
W.N.1 | |||
Cost of units transferred out | |||
Units | Cost/unit | Costs | |
Materials | 36200 | $ 1.80 | $ 65,160.00 |
Conversion | 36200 | $ 4.45 | $ 161,090.00 |
$ 226,250.00 |
W.N.2 | |||
Cost of Closing WIP | |||
Units | Cost/unit | Costs | |
Materials | 8200 | $ 1.80 | $ 14,760.00 |
Conversion | 3280 | $ 4.45 | $ 14,596.00 |
$ 29,356.00 |
CES Exercise 3-9 (Video) Baden Company has gathered the following information. 44,400 8,200 Units in beginning...
Baden Company has gathered the following information. Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: 37,300 8,200 Conversion costs 40 % 100 % Materials Costs incurred: Direct materials Direct labor $78,330 $66,500 $105,114 Overhead Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Determine the unit costs of production. (Round unit costs to 2 decimal...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT 41,600 7,600 Exercise 3-9 (Video) Baden Company has gathered the following information Units in beginning work in Осе Units started into production Units in ending work in process Percent complete in ending work in process Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 40% 100% $74,880 $67,000 $101,532 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production LINK TO TEXT LINK...
44,200 7,300 Exercise 3-9 (Video) Baden Company has gathered the following information. Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 40 % 100% $79,560 $61,500 $109,726 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Determine the unit costs of production. (Round unit costs to...
Exercise 16-09 a-c (Video) Vaughn Company has gathered the following information. 43,600 7,000 Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 40 % 100 % $82,840 $70,400 $106,900 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Determine the unit costs of production. (Round unit...
Exercise 3-9 (Video) Baden Company has gathered the following information. 0 44,200 7,300 40 % Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 100 % $79,560 $61,500 $109,726 JS Weygandt, Managerial Accounting, 8e Practice Assignment Gradebook ORION Downloadable eTextbook signment CES x Your answer is incorrect. Try again. Compute equivalent units of production for materials...
Baden Company has gathered the following information. 44,200 7,300 Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 40 % 100 % $79,560 $61,500 $109,726 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Determine the unit costs of production. (Round unit costs to 2 decimal...
Baden Company has gathered the following information. Units in beginning work in process 0 Units started into production 37,000 Units in ending work in process 7,500 Percent complete in ending work in process: Conversion costs 40 % Materials 100 % Costs incurred: Direct materials $77,700 Direct labor $62,400 Overhead $106,600 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Determine the unit costs of production. (Round unit costs to 2...
OURCES work Exercise 16-09 Baden Company has gathered the following information. 40,300 7,900 Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 40 % 100 % y Study $74,555 $64,500 $104,410 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Determine the unit costs of production....
Baden Company has gathered the following information. 0 43,600 8,700 40 % Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 100 % $80,660 $66,900 $ 101,972 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production e Textbook and Media Determine the unit costs of production....
Exercise 17-10 Overton Company has gathered the following information. 21,050 236,950 24,760 Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 60 % 100 % $103,200 $359,351 $186,460 x Your answer is incorrect. Try again. Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production 282,760 T...