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Alvis | |
Weighted Average | |
Units reconciliation | Whole Units |
Beginning work in process inventory | 3,400.00 |
Add: Units started in the month | 17,800.00 |
Less: Ending work in process inventory | 4,400.00 |
Total Units accounted for | 16,800.00 |
Equivalent units of production | Whole Units | % Materials | EUP- Materials | % Conversion | EUP- Conversion |
Units completed and transferred out | 16,800.00 | 100% | 16,800.00 | 100% | 16,800.00 |
Ending work in process inventory | 4,400.00 | 100% | 4,400.00 | 40% | 1,760.00 |
Equivalent units of production | 21,200.00 | 21,200.00 | 18,560.00 |
Answer 1 a | Materials | Conversion | Total |
Cost of beginning work in process inventory | 10,280.00 | 15,058.00 | 25,338.00 |
Add: Cost of units started in the month | 58,840.00 | 91,892.00 | 150,732.00 |
Total Costs accounted for | 69,120.00 | 106,950.00 | 176,070.00 |
Equivalent units of production | 21,200.00 | 18,560.00 | |
Cost per Equivalent Unit of production | 3.2604 | 5.7624 | 9.0228 |
Answer 1 b | EUP | Cost per EUP | Total Cost |
Costs of units transferred out | |||
Direct Materials | 16,800.00 | 3.2604 | 54,775.00 |
Conversion | 16,800.00 | 5.7624 | 96,808.00 |
Total transferred out | 151,583.00 | ||
Answer 1 c | EUP | Cost per EUP | Total Cost |
Costs of ending work in process | |||
Direct Materials | 4,400.00 | 3.2604 | 14,346.00 |
Conversion | 1,760.00 | 5.7624 | 10,142.00 |
Total costs of ending work in process | 24,488.00 | ||
Total costs accounted for | 176,071.00 | ||
Workings for Answer 2 | |||||
Equivalent units of production | Whole Units | % Materials | EUP- Materials | % Conversion | EUP- Conversion |
Units completed and transferred out | 16,800.00 | 100% | 16,800.00 | 100% | 16,800.00 |
Ending work in process inventory | 4,400.00 | 100% | 4,400.00 | 60% | 2,640.00 |
Equivalent units of production | 21,200.00 | 21,200.00 | 19,440.00 |
Answer 2 | Materials | Conversion | Total |
Cost of beginning work in process inventory | 10,280.00 | 15,058.00 | 25,338.00 |
Add: Cost of units started in the month | 58,840.00 | 91,892.00 | 150,732.00 |
Total Costs accounted for | 69,120.00 | 106,950.00 | 176,070.00 |
Equivalent units of production | 21,200.00 | 19,440.00 | |
Cost per Equivalent Unit of production | 3.2604 | 5.5015 | 8.7619 |
Final Answer 2 | Amount $ | ||
Old- Weighted average cost per unit | 9.02 | ||
New- Weighted average cost per unit | 8.76 | ||
Will decrease by | 0.26 |
USING WEIGTHED AVERAGE METHOD Alvis Construction Supply Company has a department that manufactures wood trusses (wood...
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: 4,100 trusses $10,580 $15,358 18,100 trusses 17,100 trusses Work-in-process inventory, February 1 Direct materials: 100% complete Conversion: 40% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 20% complete Costs incurred during February Direct materials...
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction Industry). The following information is for the production of these trusses for the month of February 4.100 trusses $10,580 $15, 358 18,100 trusses 17,100 trusses Work-in-process inventory, February 1 Direct materials: 100% complete Conversion: 48% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 20% complete Costs incurred during February Direct...
USING FIFO
Check my Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February Work-in-process inventory, February 1 Direct materials: ieex complete Conversion: 3e% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: les complete Conversion: 38% complete Costs incurred during February Direct materials Conversion 4,600 trusses $11,089...
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: 4,400 trusses $10,880 $15,658 18,400 trusses 17,400 trusses Work-in-process inventory, February 1 Direct materials: 100% complete Conversion: 40% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 20% complete Costs incurred during February Direct materials...
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry. The following information is for the production of these trusses for the month of February points 4.900 trusses $11.380 $16, 158 18,9ea trusses 17,9ee trusses ebook Work-in-process inventory, February 1 Direct materials: 100 complete Conversione complete Units started during February Units completed during February and transferred out work-in-process inventory. February 29 Direct materials: les complete Conversion: 30 complete Costs incurred during February...
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 3,100 trusses Direct materials: 100% complete $ 10,580 Conversion: 20% complete $ 15,358 Units started during February 18,100 trusses Units completed during February and transferred out 17,100 trusses Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 40% complete Costs incurred during February...
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 4,000 trusses Direct materials: 100% complete $ 10,480 Conversion: 20% complete $ 15,258 Units started during February 18,000 trusses Units completed during February and transferred out 17,000 trusses Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 40% complete Costs incurred during February...
Problem 6-44 FIFO Method [LO 6-2, 6-3, 6-5) Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February oints Print 4,200 trusses $10,680 $15,458 18,200 trusses 17,200 trusses References Work-in-process inventory, February 1 Direct materials: 100complete Conversion: 209 complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100%...
FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and...
Weighted Average Method, Journal Entries Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity...