Question

Using the Production Report below, answer this question: How many units were transfered into this process of manufacturing,  how many units were transfered to the next process, and what is the cost per unit being transfered?

a. 90,000, 80,000, and $30.36

b. 90,000, 80,000, and $296.07

c. 100,000, 80,000, and $254.96

d. 100,000, 80,000, and $296.07

Kenzie's Cell Phones Finishing Department Production Report (Model 1000) [Weighted Average Method) Quantity Schedule a Equivalent Units Quantity Schedule Unils to be Accounted for: WIP, Beg (20% for RM, 50% for Conversion) 10,000 Received from Production 90,000 Total Units 100,000 Equivalent Units (EU) Transferred in Units Materials Conversion Transferred into Finished Goods: 80,000 50,000 75,000 WIP, ending(15% for RM, 40% for conversion) 5,000 500 25,000 80,500 75,00080,000 Total Units and EU Costs per EU: otal Cost 7,238,200$ 7,134,200 $ 75,000 $ 29,000 21,551,800 $18,361,800790,000 2,400,000 28,790,00025,496,000 $865,000 $ 2,429,000 Tranferred in Costs Materials Conversion Per Unit WIP, Beginning Costs added this period Total Costs Equivalent Units (from above) 100,000 80,500 80,000 254.96 $ 10.75 30.36 296.07 Cost per Unit Cost Reconciliation: Transferred to Finished Goods: 23,685,427 80,000 $296.07 WIP, ending Transferred in Cosls at $254.96 Materials at $10.75 127,480 286,750 Conversion at $30.36 151,800 Total Ending WIP 566,030 24,251,457 Total Costs

Answer 1

Here Answer is b. 90000, 80000. 296..07

As

From Quantity schedule

we come to know that 10000 units were opening wip and 90000 units are transferred from production that are the units transferred in the process

From Cost reconciliation

we find that 80000 finished units are transferred at the rate of $296.07

so Units transferred = 80000

Cost per unit = $ 296.07

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