Solution:
Department A | |||||
Equivalent units of production (EUP) - Weighted Average method | |||||
Units | % material | EUP-Materials | % Conversion | EUP- Conversion | |
Units Completed and transferred out | 12000 | 100% | 12000 | 100% | 12000 |
units of Ending work in process | 6000 | 100% | 6000 | 50% | 3000 |
Equivalent units of production | 18000 | 15000 | |||
Cost per Equivalent unit: | Material | Conversion | |||
Cost of Beginning Work in Process | $9,600 | $4,800 | |||
Cost added | $15,600 | $14,400 | |||
Total Costs | $25,200 | $19,200 | |||
/Equivalent units of Production | 18000 | 15000 | |||
Cost per Equivalent unit of Production | $1.40 | $1.28 | |||
Cost Assignment and reconciliation | |||||
Cost of Units Transferred Out | EUP | Cost per EUP | Total Cost | ||
Material | 12000 | $1.40 | $16,800 | ||
Conversion | 12000 | $1.28 | $15,360 | ||
Total transferred out | $32,160 | ||||
Cost of ending work in process | EUP | Cost per EUP | Total Cost | ||
Material | 6000 | $1.40 | $8,400 | ||
Conversion | 3000 | $1.28 | $3,840 | ||
Total Ending work in process | $12,240 | ||||
Total costs assigned | $44,400 |
6.30 NAME : Problem 1 The Arlene Doll Co. uses a process costing system. Consider the...
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