EUP - FIFO Method |
Units |
% Material |
EUP Materials |
% Conversion |
EUP - Conversion |
Units of ENDING WIP |
82,000 |
80.0% |
65,600 |
30.0% |
24,600 |
Units STARTED & COMPLETED |
240,000 |
100% |
240,000 |
100% |
240,000 |
Units of beginning WIP |
60,000 |
40.00% |
24,000 |
60% |
36,000 |
Equivalent Units of Production |
329,600 |
300,600 |
|||
COST per EUP |
Material |
Conversion |
|||
Cost incurred this period |
$ 850,368.00 |
$ 649,296.00 |
|||
Total Costs |
Costs |
$ 850,368.00 |
Costs |
$ 649,296.00 |
|
Equivalent units of production |
EUP |
329,600 |
EUP |
300,600 |
|
Cost per EUP |
$ 2.58000 |
$ 2.1600 |
Costs Charged to Production: |
|
Cost of beginning WIP |
$ 167,066.00 |
Costs incurred this period |
$ 1,499,664.00 |
Total Cost to account for |
$ 1,666,730.00 |
Total costs accounted for |
$ 1,666,730.00 |
Difference due to rounding cost/unit |
$ - |
Units Reconciliation |
|
Units to account for: |
|
Beginning WIP |
60,000 |
Units started this period |
322,000 |
Total Units to account for |
382,000 |
Total Units accounted for: |
|
Completed & Transferred out |
300,000 |
Ending WIP |
82,000 |
Total Units accounted for |
382,000 |
Cost Transferred out: |
EUP |
Cost per EUP |
Total Cost |
|
Cost of Beginning WIP |
167,066.00 |
|||
Cost to complete beginning WIP- |
||||
- Direct Materials |
24,000.00 |
2.58 |
61,920.00 |
|
- Conversion |
36,000.00 |
2.16 |
77,760.00 |
|
Total cost to complete beginning WIP |
306,746.00 |
|||
Cost of Units started & completed this period: |
EUP |
Cost per EUP |
Total Cost |
|
- Direct Materials |
240,000.00 |
2.58 |
619,200.00 |
|
- Conversion |
240,000.00 |
2.16 |
518,400.00 |
|
Total costs started & Completed this period |
1,137,600.00 |
|||
Total cost of work finished this period |
1,444,346.00 |
|||
Costs of Ending WIP: |
EUP |
Cost per EUP |
Total Cost |
|
- Direct Materials |
65,600 |
$ 2.58 |
$ 169,248.00 |
|
- Conversion |
24,600 |
$ 2.16 |
$ 53,136.00 |
|
Total cost of ending WIP |
$ 222,384.00 |
|||
Total costs accounted for |
$ 1,666,730.00 |
Required information Use the following information for the Exercises below. The following information applies to the...
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] During April, the first production department of a process manufacturing system completed its work on 300,000 units of a product and transferred them to the next department. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect...
Use the following information for the Exercises below. (The following information applies to the questions displayed below) During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete...
Use the following information for the Exercises below. [The following information applies to the questions displayed below.] During April, the first production department of a process manufacturing system completed its work on 300,000 units of a product and transferred them to the next department. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials...
Required information [The following information applies to the questions displayed below.] During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the...
Check my we Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below.] During April, the first production department of a process manufacturing system completed its work on 300,000 units of a product and transferred them to the next department. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60%...
Help please and thank you ! Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.] During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60%...
Use the following information for the Exercises below. [The following information applies to the questions displayed below) During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete...
Use the following information for the Exercises below. (The following information applies to the questions displayed below) During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete...
Required information The following information applies to the questions displayed below) During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the...
Seved Ch20 Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below! + 4 of 4 During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60%...