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Homework Answers
| Added to Production 14000 | Transfered Out 9000 |
| Closing WIP 5000 | |
| Total 14,000 | Total 14,000 |
| Added to Production 10,750 | Transfered Out 9000 |
|
Closing WIP 1750 |
|
| TOTAL 10750 | TOTAL 10750 |
Finished Goods
To WIP 9,000E. Equivalent Units:
| DM | CC | |
| Transfered Out | 9,000 | 9,000 |
| Ending WIP | 5,000 | 5,000*35% = 1750 |
| Eqyivalent Units | 14,000 | 10,750 |
Cost:
| DM | CC | |
| Direct Material | $ 38,500 | -- |
| Labor | 13,975 | |
| Manufacturing OH | 8600 | |
| Total Costs | 38,500 | 22,575 |
Unit Costs:
- Direct Material: 38500/14000 =2.75
- Conversion Cost: 22,575/10750 = 2.10
| DM ($) | CCC($) | Total | |
| Finished Goods | 2.75*9000= 24,750 | 2.1*9000 = 18,900 | 43,650 |
| Work in Process | 2.75*5000= 13,750 | 2.1*1750= 3675 | 17,425 |
| Total | 38,500 | 22,575 | 61,075 |
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