6-21
Name:
You Exercise can put this one together! You might want to work Ex 44 and Pr 47 first though. This worksheet will look like the example in the book and in the Demo problem.
Exercise 6-44
Name:
Insert your answers in the gray-shaded cells. If an answer is incorrect, an asterisk will appear. Pounds started Maximum normal spoilage percentage Maximum normal spoilage allowed Units 36,000 120,000 156,000 36,000 90,000 21,600 8,400 156,000 Total $24,800 72,972 $97,772 $0.65 Material 120,000 8% 9,600 Conversion
Beginning inventory Pounds started Pounds to account for Beginning WIP inventory Started & completed Ending WIP inventory Normal spoilage Pounds accounted for (FIFO) Beginning inventory cost Current costs Total costs Divide by EUP Cost per EUP Cost Assignment Transferred out: Beginning WIP inventory cost Conversion to cost complete Total cost of beginning inventory Started & completed Ending WIP inventory: Material Conversion Total cost accounted for
90,000 21,600 111,600 Material $39,060 111,600 $0.35
19,800 90,000 3,240 113,040 Conversion $33,912 113,040 $0.30
$24,800 ### 3,240 * $3,240
Problem 6-47 (a)
Name:
EQUIVALENT UNITS OF PRODUCTION
Whole Units Material Conversion
Beginning WIP Inventory Units started Units to account for Beginning WIP Inventory (completed) Started and completed Units completed Ending WIP Inventory Units accounted for
(b) Total
Beginning WIP Inventory Current period Total cost to account for Divided by EUP Cost per EUP $$$
Material
Labor
Overhead
(c) Cost Assignment
Transferred out (### x $$$) Ending WIP Inventory DM (### x $$$) DL (### x $$$) OH (### x $$$) Total cost accounted for $-