Answer----------
Transferred out | $ 219,615.00 |
Units in ending work in process | $ 26,488.00 |
Working
Reconciliation of Units | ||
A | Opening WIP | - |
B | Introduced | 44,000 |
C=A+B | TOTAL | 44,000 |
D | Transferred | 36,300 |
E=C-D | Closing WIP | 7,700 |
Statement of Equivalent Units(Weighted average) | |||||||
Material | Conversion cost | ||||||
Units | Complete % | Equivalent units | Complete % | Equivalent units | |||
Transferred | 36,300 | 100% | 36,300.0 | 100% | 36,300 | ||
Closing WIP | 7,700 | 100% | 7,700.0 | 40% | 3,080 | ||
Total | 44,000 | Total | 44,000.0 | Total | 39,380 |
Cost per Equivalent Units (Weighted average) | ||||
COST | Material | Conversion cost | TOTAL | |
Beginning WIP Inventory Cost | $ 0 | $ 0 | $ 0 | |
Cost incurred during period | $ 74,800 | $ 171,303 | $ 246,103 | |
Total Cost to be accounted for | $ 74,800 | $ 171,303 | $ 246,103 | |
Total Equivalent Units | 44,000 | 39,380 | ||
Cost per Equivalent Units | $ 1.70 | $ 4.35 |
Statement of cost (Weighted average) | |||||
Cost | Equivalent Cost/unit | Ending WIP | Transferred | ||
Units | Cost Allocated | Units | Cost Allocated | ||
Material | $ 1.70 | 7,700 | $ 13,090 | 36,300 | $ 61,710 |
Conversion cost | $ 4.35 | 3,080 | $ 13,398.00 | 36,300 | $ 157,905 |
TOTAL | $ 246,103 | TOTAL | $ 26,488 | TOTAL | $ 219,615 |
Your answer is partially correct. Try again. Show the assignment of costs to units transferred out...
x Your answer is incorrect. Try again. Show the assignment of costs to units transferred out and in process. Transferred out Ending work in process Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Exercise 3-10 Overton Company has gathered the following information. 21,400 205,300 25,000 Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process:...
Baden Company has gathered the following information. 44,000 7,700 Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 40% 100% $74,800 $68,000 $103,300 Determine the unit costs of production. (Round unit costs to 2 decimal places, eg. 2.25.) Materials Conversion Costs Unit costs $ e Textbook and Media * Your answer is incorrect. Show the assignment...
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Baden Company has gathered the following information. Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: 37,300 8,200 Conversion costs 40 % 100 % Materials Costs incurred: Direct materials Direct labor $78,330 $66,500 $105,114 Overhead Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Determine the unit costs of production. (Round unit costs to 2 decimal...
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Exercise 16-13 Your answer is partially correct. Try again. The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,200 units, 1/10 complete Materials $18,100 Units transferred out 54,700 Conversion costs 14,760 $32,860 Units started 51,000 Materials 220,220 Ending work in process 11,500 units, 1/5 complete Labor 67,500 Overhead 89,880 Prepare...
Baden Company has gathered the following information. 44,200 7,300 Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 40 % 100 % $79,560 $61,500 $109,726 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Determine the unit costs of production. (Round unit costs to 2 decimal...
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Baden Company has gathered the following information. Units in beginning work in process 0 Units started into production 37,000 Units in ending work in process 7,500 Percent complete in ending work in process: Conversion costs 40 % Materials 100 % Costs incurred: Direct materials $77,700 Direct labor $62,400 Overhead $106,600 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Determine the unit costs of production. (Round unit costs to 2...
Vaughn Company has gathered the following information. 20,300 191,700 25,700 60 % Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 100 % $ 106,000 $236,312 $187,300 Your answer is partially correct. Try again. Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production T 212000 2017201...