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Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior M
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior M
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Answer #1
EUP- EUP- EUP
1) Equivalent units of production units % materials % labor % overhead
completed & transferred 26,900 100% 26,900 100% 26,900 100% 26,900
ending wip 3,400 50% 1700 30% 1020 30% 1020
28,600 27,920 27,920
Materials Labor Overhead
Equivalent units of production 28,600 27,920 27,920
2) Materials labor overhead Total
Cost of ending work in process inventory 22440 3570 7344 33354
(EUP units*cost per equivalent units)
3) Materials labor overhead Total
cost of units completed & transferred out 355080 94150 193680 642910
4) Cost Reconciliation
total cost to be accounted for 676,264
Costs accounted for as follows:
cost of units completed & transferred out 642910
Cost of ending work in process inventory 33354
total cost accounted for 676264
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Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior Micro Products uses...
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