Question

800 gallons 8,400 gallons 7,700 gallons 1,500 gallons Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in March Ending Work-in-Process Inventory (80% of the way through the fermenting process) Costs Beginning Work-in-Process Inventory: Direct materials Direct labor Manufacturing overhead allocated Costs added during March: Direct materials Direct labor $ 1,509 160 260 930 3,100 Manufacturing overhead allocated $ 12,641 Total costs added during March

Answer 1

Production report Equivalent Unit Conversion Material Physical units Units to be accounted for :- Beginning work in process Started into Production Total Units Accounted for 800 8400 9200 Units to be accounted for:- Transferred to next Department Ending work in Process Total Units Accounted for 7700 150ml 1500 9200 7700 1500 9200 7700 1200|(1500 x 80%) 8900 Material Conversion Total cost 1,509 $ 8,611$ 10,120 $ 9200 1.10 $ Cost to be accounted For:- Beginning work in process Cost added during month Total Cost to account for: Divided by: Total Equivalent Units Cost per Equivalent unit Cost accounted for:- Transferred out Ending work in process Total Cost to account for 420 4,030 4,450 8900 0.50 $ $ $ 1,929 12,641 14,570 8,470.00 1,650.00 10,120.00 $ 3,850.00 $ 600.00 $ 4,450.00 $ $ $ 12,320.00 2,250.00 14,570.00 Working: Conversion Beginning work in process Cost added during month 160+260=420 930+3100=4030 Cost accounted for :- Transferred out Ending work in process 7700 x 1.10=8470 1500 x 1.10=1650 7700 x 0.50=3850 1200 x 0.50=600