Question

Your answer is partially correct. Try again. Show the assignment of costs to units transferred out and in process. Units tranExercise 3-9 (Vlaeo) (Part Level Submission) Baden Company has gathered the following information. 44,000 7,700 Units in begi

0 0
Add a comment Improve this question Transcribed image text
Answer #1

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
Add a comment
Know the answer?
Add Answer to:
Your answer is partially correct. Try again. Show the assignment of costs to units transferred out...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • x Your answer is incorrect. 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...

    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...

  • Baden Company has gathered the following information. 0 38,500 7,700 Units in beginning work in process...

    Baden Company has gathered the following information. 0 38,500 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 % $80,850 $70,400 $105,776 Your answer is partially correct. Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production 38500 30800 eTextbook and Media X...

  • Baden Company has gathered the following information. Units in beginning work in process Units started into...

    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...

  • Baden Company has gathered the following information. o 44,200 7,300 Units in beginning work in process...

    Baden Company has gathered the following information. o 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 Show the assignment of costs to units transferred out and in process. Units transferred out $ $ $ Units in ending work in process $

  • Exercise 16-13 Your answer is partially correct. Try again. The Welding Department of Healthy Company has...

    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...

    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...

  • Exercise 3-9 (Video) Baden Company has gathered the following information. 0 44,200 7,300 40 % Units...

    Exercise 3-9 (Video) Baden Company has gathered the following information. 0 44,200 7,300 40 % 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 % $79,560 $61,500 $109,726 JS Weygandt, Managerial Accounting, 8e Practice Assignment Gradebook ORION Downloadable eTextbook signment CES x Your answer is incorrect. Try again. Compute equivalent units of production for materials...

  • Baden Company has gathered the following information. Units in beginning work in process 0 Units started...

    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...

    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...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT