Answers
Requirement 1 |
||||
Physical Units |
Physical Units |
|||
Beginning Units |
43,000 |
Units completed |
37,000 |
|
Units Started |
67,000 |
Ending Units |
73,000 |
|
Total Units |
110,000 |
Total Units |
110,000 |
|
Requirement 2 |
||||
Equivalent Units |
||||
Physical Units |
Direct Material |
Conversion cost |
||
Units Completed |
37,000 |
37,000 |
37,000 |
|
Ending Inventory |
73,000 |
73,000 |
40,150 |
|
Total Units |
110,000 |
110,000 |
77,150 |
|
Requirement 3 |
||||
Working |
Material |
Conversion |
||
A |
Beginning Cost of WIP |
$ 45,000.00 |
$ 86,000.00 |
|
B |
Cost added in July |
$ 82,000.00 |
Costs |
$ 164,000.00 |
C |
EUP |
110,000 |
EUP |
77,150 |
D = (A+B)/C |
Cost per Equivalent Units |
$ 1.15455 |
$ 3.24044 |
|
Requirement 4 |
||||
Direct material |
Conversion cost |
Total |
||
Units Completed |
$ 42,718 |
$ 119,896 |
$ 162,615 |
|
Ending Inventory |
$ 84,282 |
$ 130,104 |
$ 214,386 |
|
Total Cost accounted for |
$ 127,001 |
$ 250,001 |
$ 377,000 |
--Working
Requirement 4 |
|||
Direct material |
Conversion cost |
||
Units Completed |
=37000*1.15455 |
=37000*3.24044 |
|
Ending Inventory |
=73000*1.15455 |
=40150*3.24044 |
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