Question

44,200 7,300 Exercise 3-9 (Video) 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: 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 places, e.g. 2.25.) Materials Conversion Costs Unit costs Show the assignment of costs to units transferred out and in process. Units transferred out Units in ending work in process Click if you would like to Show Work for this question: Opusow Work

Answer 1

UNITS TO ACCOUNT FOR:
Beginning Work in Process units					0
Add: Units Started in Process					44,200
Total Units to account for:					44,200
UNITS TO BE ACCOUNTED FOR:
Units completed and transferred out					36,900
Ending Work in Process					7,300
Total Units to be accounted for:					44,200
Equivalent Units:
			UNITS	Material Cost		Conversion
				% Completion	Units	% Completion	Units
Units complted			36900	100%	36,900	100%	36,900
Ending Work in Process			7300	100%	7,300	40%	2,920
Total Equivalent units			44200		44,200		39,820
TOTAL COST TO ACCOUNT FOR:
				Material		Conversion
Beginning work in Process				0		0
Cost Added during May				79,560		171,226
Total Cost to account for:				79,560		171,226
Equivalent Units				44,200		39,820
Cost per Equivalent unit				1.8		4.3
TOTAL COST ACCOUNTED FOR:
Units completed and transferred out (36900 units)
				Equivalent unit	Cost per EU	Total Cost
Material				36,900	1.8	66420
Conversison Cost				36,900	4.3	158670
Total cost of Ending Work in process:						225,090
Ending Work in process (7300 units)
				Equivalent unit	Cost per EU	Total Cost
Material				7,300	1.8	13140
Conversison Cost				2,920	4.3	12556
Total cost of Ending Work in process:						25,696
Total cost accounted for						250,786