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Required information [The following information applies to the questions displayed below.] Tamar Co. manufactures a single pr
Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Eq
Required information Total units Cost per equivalent unit of production Materials Conversion Costs Costs EUP EUP EUP Cost per
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Answer #1
Requirement: Weighted Average Method
Costs Charged to Production:
Cost of beginning WIP 278540
Costs incurred this period 3002140
Total Cost to account for 3280680
Total costs accounted for 3280680
Difference due to rounding cost/unit 0
Units Reconciliation
Units to account for:
Beginning WIP 3800
Units started this period 25200
Total Units to account for 29000
Total Units accounted for:
Completed & Transferred out 26200
Ending WIP 2800
Total Units accounted for 29000
EUP - Weighted average Method Units % Material EUP Materials % Conversion EUP - Conversion
Units of ENDING WIP 2800 100.00% 2800 80.00% 2240
Units COMPLETED & TRANSFERRED OUT 26200 100% 26200 100% 26200
Equivalent Units of Production 29000 28440
Total Units
COST per EUP Material Conversion
Cost incurred previous period ( beginning cost ) 20600 257940
Cost incurred this period 501400 2500740
Total Costs Costs 522000 Costs 2758680
Equivalent units of production EUP 29000 EUP 28440
Cost per EUP 18 97
Total cost accounted for . . . . .
Cost of Units Transferred out: EUP Cost per EUP Total Cost
- Direct Materials 26200 18 471600
- Conversion 26200 97 2541400
Total costs Transferred out 3013000
Costs of Ending WIP: EUP Cost per EUP Total Cost
- Direct Materials 2800 18 50400
- Conversion 2240 97 217280
Total cost of ending WIP 267680
Total costs accounted for 3280680
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