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 |
Required information [The following information applies to the questions displayed below.] Tamar Co. manufactures a single...
Required information (The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 29,250 units and transferred 30,700 units of product to the Assembly department. Its 4,700 units of beginning work in process consisted of $21,500 of direct materials and $298.440 of conversion costs. It has 3,250...
Required information [The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 24,700 units of product to finished goods inventory. Its 3,500 units of beginning work in process consisted of $20,300 of direct materials and $244,440 of conversion costs. It has 2,650 units (100% complete...
Required information {The following information applies to the questions displayed below) Tamar Co. manufactures a single product in one department All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 24,000 units of product to finished goods inventory. Its 5.500 units of beginning work in process consisted of $17.400 of direct materials and 5334440 of conversion costs. It has 3,650 units (100% complete...
[The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 29,250 units and transferred 30,700 units of product to the Assembly department. Its 4,700 units of beginning work in process consisted of $21,500 of direct materials and $298,440 of conversion costs. It has 3,250 units (100%...
Required information The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in one department All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 23,500 units of product to finished goods inventory. Its 5.400 units of beginning work in process consisted of $17,300 of direct materials and $329,940 of conversion costs. It has 3,600 units (100% complete...
Required information [The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 22,500 units and transferred 23,200 units of product to the Assembly department. Its 3,200 units of beginning work in process consisted of $20,000 of direct materials and $230,940 of conversion costs. It has 2,500...
Required information [The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 23,500 units of product to finished goods inventory. Its 5,400 units of beginning work in process consisted of $17,300 of direct materials and $329,940 of conversion costs. It has 3,600 units (100% complete...
Saved Required information The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 22,950 units, and transferred 23,700 units of product to the Assembly department. Its 3,300 units of beginning work in process consisted of $93,945 of direct materials and $457,446 of conversion costs. It has...
Tamar Co. manufactures a single product in two departments.All direct materials are added at the beginning of the Forming process... Required Information The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 24,300 units, and transferred 25,200 units of product to the Assembly department. Its 3,600...
Required information [The following information applies to the questions displayed below) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. Al direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials...