Homework Answers
Answers
- Requirement [a]
|
EUP - Weighted Average Method |
Units |
% Material |
EUP Materials |
% Conversion |
EUP - Conversion |
|
Units TRANSFERRED |
7,000 |
100% |
7,000 |
100% |
7,000 |
|
Units of ENDING WIP |
3,000 |
100% |
3,000 |
1/3 (or 33.3333%] |
1,000 |
|
Equivalent Units of Production |
10,000 |
8,000 |
|
COST per EUP |
Material |
Conversion |
|||
|
Cost of Beginning WIP |
$ 600.00 |
$ 100.00 |
|||
|
Cost incurred during the period |
$ 2,560.00 |
$ 1,500.00 |
|||
|
Total Costs |
Costs |
$ 3,160.00 |
Costs |
$ 1,600.00 |
|
|
Equivalent units of production |
EUP |
10,000 |
EUP |
8,000 |
|
|
Cost per EUP |
$ 0.31600 |
$ 0.20000 |
- Requirement [b]
|
Cost of Units Transferred Out |
EUP |
Cost per EUP |
Total Cost |
|
|
- Direct Materials |
7,000 |
$ 0.316 |
$ 2,212.00 |
|
|
- Conversion |
7,000 |
$ 0.20 |
$ 1,400.00 |
|
|
Total Cost transferred Out |
$ 3,612.00 Answer |
- Requirement [c]
|
Cost of ending WIP |
EUP |
Cost per EUP |
Total Cost |
|
|
- Direct Materials |
3,000 |
$ 0.316 |
$ 948.00 |
|
|
- Conversion |
1,000 |
$ 0.20 |
$ 200.00 |
|
|
Total cost of ending WIP |
$ 1,148.00 ANSWER |
Add Answer to:
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throughout the process. Direct materials are added at the beginning
of the process. During November, the company transferred 700,000
units of product to finished goods. At the end of November, the
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complete with respect to conversion. Beginning inventory had
$420,000 of direct materials and $139,000 of conversion cost. The
direct material cost...
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The Welding Department of Healthy Company has the following
production and manufacturing cost data for February 2020. All
materials are added at the beginning of the process.
Manufacturing Costs
Production Data
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15,000
units, 1/10 complete
Materials
$18,100
Units transferred out
55,400
Conversion costs
14,260
$32,360
Units started
51,100
Materials
229,775
Ending work in process
10,700
units, 1/5 complete
Labor
67,800
Overhead
41,651
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