Question

please clearly state part a/b/c in order just like question shows. if you attempt the addition question please label it an dpost it last.

I X CU Styles Ece temptassignment CH3 (1) - Excel Search File Home Insert Page Layout Formulas Data Review View HelpDYMO Label QuickBooks Uberation Sans 12 A A Wrap Text General Paste Copy Format Painter BIV A E Merge & Center Formatting Clipboard Number F60 A B C D E F G H K L 1 E3-11 Computo equivalent units, unit costs, and costs assigned 2 The Polishing Department of Major Company has the following production and manufacturing cost data for September. 3 Materials are entered at the beginning of the process Table Styles Alignment M Production: Beginning inventory 1,600 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period ar 42,900, ending inventory of 5,000 units 10% complete as to conversion costs Manufacturing costs: Beginning inventory costs, comprised of $20,000 of materials and $43.180 of conversion costs, material costs added in Polishing during the month, $175,800; labor and overhead applied in Polishing during the month, $125,680 and $257,140, respectively. 13 Instructions 14() Compute the equivalent units of production for materials and conversion costs for the month of September. 15(b) Compute the unit costs for materials and conversion costs for the month. 160) Determine the costs to be assigned the units transferred out and in process 17 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". 21 (a) Compute the eyvalent units of production for materials and conversion costs for the month of September Physical Units 25 26 Work in process, September 1 Units started into production 0 Reade

Answer 1

a. Compute the equivalent units of production for materials and conversion costs for the month of September as shown below: Work in process, September 1 Units started into production Less: WORK IN PROGRESS OF SEPT 30TH Physical Units 1,600 42,900 5,000 Units transferred out Work in process, September 30 39,500 # 5,000 44,500 #units transferred out = Beginning + Put into production - Ending => 1600+42900-5000 Equivalent Units Materials Conversion Costs Units transferred out Work in process, September 30 39,500 5,000 44,500 39,500 500 40,000 *Equivalent units for conversion costs = Ending units x % of completion = 5000 x 10% b. Compute the unit costs for materials and conversion costs for the month as shown below: Conversion Costs Total Direct Materials $ 20,000.00 $ 1,75,800.00 Work in process, September 1 Costs added to production during September Total costs $ $ 43,180.00 3,82,820.00 A $ 63,180.00 $ 5,58,620.00 $ 6,21,800.00 *Conversion costs during September = 125680+257140 Cost per unit of material = Direct material costs + Equivalent units = (20000+175800)+44500 = $4.400 Cost per unit of conversion = Total conversion costs + Equivalent units = (43180+382820)-40000 = $10.650

c. Determine the costs to be assigned to the units transferred out and in process Costs accounted for $ 5,94,475.00 ## Transferred out Work in process, September 30 Materials (5000*4.400) Conversion costs (500*10.650) Total costs $ 22,000.00 $ 5,325.00 $ 27,325.00 $ 6,21,800.00 ##Cost of transferred out units = Units transferred out * cost per unit => 39500 units * (4.400+10.650) = $594475