Total costs to account for: | |||||
Costs of beginning work in process | 8238 | ||||
Costs incurred this period | 432112 | ||||
Total costs to account for | 440350 | ||||
Total costs accounted for | 440350 | ||||
Difference due to rounding cost/unit | 0 | ||||
Unit reconciliation: | |||||
Units to account for: | |||||
Beginning work in process inventory | 4000 | ||||
Units started this period | 12000 | ||||
Total units to account for | 16000 | ||||
Total units accounted for: | |||||
Units completed and transferred out | 13000 | ||||
Ending work in process | 3000 | ||||
Total units accounted for | 16000 | ||||
Equivalent units of production (EUP)- weighted average method | |||||
Units | %Materials | EUP-Materials | %Conversion | EUP-Conversion | |
Units completed and transferred out | 13000 | 100% | 13000 | 100% | 13000 |
Ending work in process | 3000 | 100% | 3000 | 25% | 750 |
Total units | 16000 | 16000 | 13750 | ||
Cost per equivalent unit of production | Materials | Conversion | |||
Cost of beginning work in process | 2880 | 5358 | |||
Costs incurred this period | 197120 | 234992 | |||
Total costs | Costs | 200000 | Costs | 240350 | |
÷ Equivalent units of production | EUP | 16000 | EUP | 13750 | |
Cost per equivalent unit of production | 12.50 | 17.48 | |||
Total cost accounted for: | |||||
Cost of units transferred out | EUP | Cost per EUP | Total cost | ||
Direct materials | 13000 | 12.50 | 162500 | ||
Conversion | 13000 | 17.48 | 227240 | ||
Total cost transferred out | 389740 | ||||
EUP | Cost per EUP | Total cost | |||
Cost of ending work in Process | |||||
Direct materials | 3000 | 12.50 | 37500 | ||
Conversion | 750 | 17.48 | 13110 | ||
Total Cost of ending work in Process | 50610 | ||||
Total cost accounted for | 440350 |
Oslo Company produces large quantities of a standardized product. The following information is available for the...
7 Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May 0.5 points $ 2,880 5,358 Skipped 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 4,000 Beginning work in process inventory 12,000 Direct materials 3,000 Conversion Direct materials added 1008 Direct labor added 258 Overhead applied (90% of direct labor)...
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...
Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. Units Beginning work in process inventory Started Ending work in process inventory 4,500 14.500 4,000 Costs Beginning work in process inventory Direct materials Conversion status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 100% Direct labor added 30% Overhead applied (90% of direct labor) Total costs to account for Ending work...
Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May 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 $ 3,830 8,058 Costs 5,000 Beginning work in process inventory 17,000 Direct materials 5,000 Conversion Direct materials added 1001 Direct labor added 350 Overhead applied (908 of direct labor) Total costs to account...
Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. Units Costs Beginning work in process inventory 4,100 Beginning work in process inventory Started 12,500 Direct materials $ 2,978 Ending work in process inventory 3,200 Conversion 5,628 $ 8,606 Status of ending work in process inventory Direct materials added 205,350 Materials—Percent complete 100 % Direct labor added 129,680 Conversion—Percent complete 30 % Overhead applied (90% of...
1 Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. 0 oints 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 5,400 Beginning work in process inventory 19,000 Direct materials Conversion Book 5,800 ferences Direct materials added 1004 Direct labor added 354 Overhead applied (909 of direct labor) Total costs...
Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. 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 5,400 Beginning work in process inventory 19,000 Direct materials 5,800 Conversion Direct materials added 1008 Direct labor added 356 Overhead applied (908 of direct labor) Total costs to account for Ending work...
Oslo Company produces large quantities of a standardized product. The following information is available for its production activities for May Units Beginning work in process inventory Started Ending work in process inventory Costs 6,200 Beginning work in process inventory $5,080 11,298 23,000 Direct materials Conversion 7,400 s 16,378 392,040 255,680 172,042 $836, 140 $96,099 Status of ending work in process inventory Direct materials added Materials-Percent complete Conversion-Percent complete 100% Direct labor added 35% Overhead applied (67% of direct labor) Total...
Oslo Company produces large quantities of a standardized product. The following information is available for its production activities for May. Units Costs Beginning work in process inventory started 4,400 Beginning vork in process inventory 14,000Direct materials 3, 800Conversion S 3,280 Ending work in process inventory $ 9,718 230,400 147,680 787 $499,585 $ 57,418 Status of ending work in process inventory Direct materials added Materials-Percent complete Conversion-Percent complete 100% Direct labor added 25% Overhead applied (76% of direct labor) Total costs...
Oslo Company produces large quantities of a standardized product. The following information is available for its production activities for May Units Costs Beginning work in process inventory 5,500 Beginning work in process inventory 19,500 6,000 Direct materials 4,380 9,408 Started Ending work in process inventory Conversion 13,788 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 326,870 213,680 154,622 100% Direct labor added 40% Overhead applied (72% of direct labor) $708,960 Total costs to account...