Homework Answers
| a) | Units completed and transferred out = Beginning units+started during the year - Ending units | |||||||||
| 1500 Units | =300+1700-Ending Units | |||||||||
| Ending Units = | 500 Units | |||||||||
| Equivalet Units = (1500 units *100% ) + (500 unts *60%) | ||||||||||
| =1800 Units | ||||||||||
| b) | Cost Per Equivalent Unit | |||||||||
| = Total Cost / Equivalent Units | ||||||||||
| =$115200/1800 | ||||||||||
| =$64 per unit | ||||||||||
| c) | Cost Allocation | |||||||||
| Finished Product = 1500 Units *64 per unit =$96000 | ||||||||||
| Ending WIP = 500 units *60%*64 per unit = $19200 | ||||||||||
| Total Cost = $96000+19200 = $115200 | ||||||||||
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Campbell Company had 300 units of product in work in process inventory at the beginning of the period. It started...
Campbell Company had 240 units of product in its work in process inventory at the beginning...
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PLEASE USE SPREADSHEET PROVIDED AS A GUIDE FOR YOUR ANSWER. Thank you Molton Company had 300...
PLEASE USE SPREADSHEET PROVIDED AS A GUIDE FOR YOUR ANSWER.
Thank you
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PLEASE USE SPREADSHEET PROVIDED AS A GUIDE FOR YOUR ANSWER.
Thank you
Molton Company had 300 units of product in work in process inventory at the beginning of the period. It started 1,500 units during the period and transferred 1,200 units to finished goods inventory. The ending work in process inventory was estimated to be 70 percent complete. Cost data for the period follow: Product Costs $28,200 150,000 $178,200 Beginning balance Added during period Total Required Prepare a cost of...
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