Question

viel A Data Table ng the Conversion Costs $96,800 Deging Physical Units Direct (Watches) Materials Beginning work in process (May 1) 105 $480,800 Started in May 2017 485 Completed during May 2017 445 Ending work in process (May 31) 145 Total costs added during May 2017 $3.190.000 Degree of completion direct materials, 80%, conversion costs, 35% Degree of completion direct materials 60%, conversion costs, 20% urrent $1,420.000 ount for Print Done

Answer 1

Answer is given below

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1 Unit Reconciliation: Units to account for: Beginning WIP Inventory Units Started this period Total Units To Account for Total Units accounted for Units completed and transferred out to FG Ending work in process Total Units Accounted for 105 485 590 445 145 590 2 Equivalent Units of Production - Weighted average method Units % Materials EUP % EUP Materials Conversion Conversion Units completed and transferred out to FG Units in Ending WIP Inventory Equivalent units of production 445 87 532 100% 20% Cost per EUP Work in process Beginning Cost added in current period Total cost to account for Equivalent units of production Cost per equivalent unit of production 445 100% 145 60% 590 Total Production Cost $577,600 $4,610,000 $5,187,600 costs EUP 10,100.00 Materials $480,800 $3,190,000 $3,670,800 Costs 532 EUP $6,900 Conversion $96,800 $1,420,000 $1,516,800A 474 B $3,200 A/B 3 4 EUP Cost per EUP Total Cost 445 445 $6,900.00 $3,200.00 $3,070,500 $1,424,000 $4,494,500 Cost Assignment and Reconciliation Cost transferred out Direct Materials Conversion Total cost transferred out Costs of ending work in process Direct Materials Conversion Total ending work-in process Total costs accounted for EUP Cost per EUP Total Cost $6,900.00 $600,300 $3,200.00 $92,800 $693,100 $5,187,600