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Exercise 4-11 (Static) Comprehensive Exercise; Second Production Department--Weighted-Average Method (L04-2, LO4-3, LO4-4, LO
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  • Requirement 1

Pulping

Conversion

Equivalent units of production

165,000

159,000

EUP - Weighted Average Method

Units

% Pulping

EUP Pulping

% Conversion

EUP - Conversion

Units TRANSFERRED

157,000

100%

157,000

100%

157,000

Units of ENDING WIP

8,000

100%

8,000

25%

2,000

Equivalent Units of Production

165,000

159,000

  • [2]

Pulping

Conversion

Cost per Equivalent units

$                         0.65

$                              0.20

COST per EUP

Pulping

Conversion

Cost of Beginning WIP

$             4,800.00

$                                        500.00

Cost incurred during the period

$        102,450.00

$                                  31,300.00

Total Costs

Costs

$        107,250.00

Costs

$                                  31,800.00

Equivalent units of production

EUP

165,000

EUP

159,000

Cost per EUP

$              0.65000

$                                      0.20000

  • [3]

Pulping

Conversion

Total

Cost of ending WIP Inventory

$                 5,200.00

$                          400.00

$                         5,600.00

Cost of ending WIP

EUP

Cost per EUP

Total Cost

- Pulping

8,000

$                      0.65

$             5,200.00

- Conversion

2,000

$                      0.20

$                400.00

Total cost of ending WIP

$                 5,600.00

  • [4]

Pulping

Conversion

Total

Cost of units completed & transferred out

$            102,050.00

$                    31,400.00

$                     133,450.00

Cost of Units Transferred Out

EUP

Cost per EUP

Total Cost

- Pulping

157,000

$                      0.65

$        102,050.00

- Conversion

157,000

$                      0.20

$          31,400.00

Total Cost transferred Out

$            133,450.00

  • [5]

Costs to be accounted for:

   Cost of Beginning WIP Inventory

$              5,300.00

   Cost added to production during the period

$         133,750.00

        Total Cost to be accounted for

$         139,050.00

Costs accounted for as follows:

Cost of units transferred out

$         133,450.00

Cost of Ending WIP Inventory

$              5,600.00

       Total Cost accounted for

$         139,050.00

Difference due to rounding off

$                           -  

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