Question

Solve for July. Show Work Please.

Process Costing Case - Accompanying Spreadsheet - Complete the yellow/blank cells -INCLUDE FORMULAS for calculations Process Costing - Assembly Department - JUNE $ 716,555 Direct Materials Costs in June for 41,300 Units Direct Labor Costs incurred in June Factory Overhead costs incurred in June Work completed in June: 35,700 units Ending Work in Progress, June 30:5,600 units, 30% completed 276,612 149,520 Process Costing - Assembly Department - JULY Direct Materials Costs in July for 54,200 Units 944,164 Direct Labor Costs incurred in July 424,834 Factory Overhead costs incurred in July 223,899 Work completed in July: 52,700 units Ending Work in Progress, July 31: 7,100 units, 90% completed Equivalent Units of Equivalent Units Production of Production for for Materials Conversion Costs Equivalent Units of Production for Materials Equivalent Units of Production for Conversion Costs Category Whole Units Whole Units 35,700 35,700 Started in May: Completed in June Started in June: Completed in June Started in June: Completed in July TOTALL Category Started in June: Completed in July Started in July: Completed in July Started in July: Completed in August TOTAL 35,700 5,600 41,300 5,600 41,300 1.690 37,380 a.) Materials cost per equivalent unit 17.35 2.) Materials cost per equivalent unit b.) Conversion cost per equivalent unit 11.40 b.) Conversion cost per equivalent unit c.) Cost per unit of finished goods started in May. completed in June d.) Total cost of all finished goods started in May completed in June c.) Cost per unit of finished goods started and completed in June t) Total cost of all finished goods started and completed in June Cost per unit of the work in progress inventory on June 30 h.) Total cost of the work in process inventory on June 30 $ $ 28.75 1,026,375.00 c.) Cost per unit of finished goods started in June: completed in July d.) Total cost of all finished goods started in June: completed in July c.) Cost per unit of finished goods started and completed in July t.) Total cost of all finished goods started and completed in July &.) Cost per unit of the work in progress inventory on July 31 h.) Total cost of the work in process inventory on July 31 S 28.75 $ 116,312.00 CHECK ANSWERSJUNE: 41,300 CHECK ANSWERSJULY 120 G24 S G29 $ D20 926 S 829 $ 37 380 29.75 116,312.00 57,410 28.68 195,899.00

Answer 1

| Situation ili | Stauited in the completed in July % TO 2? 5600 unit X701. = 3920.unit, T amiviveuent untsar a whole unit 5600 (2900 rictoriells .ola o (3) Conversion cost 3920 Istucerin 2 binde Streefed in a tüly o completed in July is whole ünit 52209 - 5600= = 47100 (27 material 4700 (3) comvession cost H7100 Page no. O

sitarim 13./2000.vies I JOHO 4 stated in July 8 Ended in August PCS 1 Iiwiivivaiento centro stou5 CA O si whole unit aloo a a (2) Material aor-7100 so (3) continebim cost 66390 CD I Total Equivivaient unit, situation I whole receterial conversisa unit il content costs 56001 - | 3920 NCC ) hit, 100%. 47100 4700 7100 | 7100 6300 59800 541200 57410 05 .166 v Hou Can Material Cost per unit:- crot cu matericostics, No. of Ecuivi veleno OSLE orci eniti L 'E 944 164: coins wiki obstami 154200. 3 ||.wat-ootto 1.17.442 unit

(6) Iconversion cost pedu Fouvilouent = total conversion cost - NO. OF Equinivelen. 648733 SESSqh10 Asi 3 lunit (C) Cost per unit ofis finish i goods | $tayed in tounet & Completed in Tuly.. _natenace cost 0317423 7 conversion cost 113 "DODUO 28.72 (d) @ Torcu cost of finish coods FCSI Stooted in Jung ended in July, Maresial cost has cuready been consided in June so only Remaining conversion cost will be there. tomo 3920x 1.3 =/ 44 2967 Pose No. O

(e) Cost, por unit of finishgoods) that Stauted as well as Endeed in July 3 1 -28.72 viunto Total cost of finish Goods Stouted & completed in July. * = 47100 x 28.72 C001352.4127 09 Cost pericnit: Ofrithe, WIP (0) htkorona July 31st = 28.7.2 / th. Fitotal cost of WIP in July art (12 Haterial __ 7100% 17:42 2 (2) convession cost usor pri obos $6290x11:30+ 123682 (b 72207 Hul 195889 113sá basado pri nas in

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