Assignment 4.2.1 - u - $564.00 Current cost to add to...

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Assignment 4.2.1 Matsui Lubricants Problem 8-28 Beginning WIP inventory Direct materials $976.00 Converison costs $272.00 Current period costs Direct materials $11,440.00 Converison costs $6,644.00 Quantity information Units Beginning Inventory 600 completed as to materials 0.6 completed as to conversion 0.53 Current period units started 4000 Ending inventory 1200 completed as to materials 0.4 completed as to conversion 0.2 Problem 8-29
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Materials Conversion Beginning Inventory 600 Current period units started 4000 Total units to account for 4600 Completed and transferred out 3400 From beginning WIP inventory 240 282 Started and completed 2800 2800 2800 Units in ending inventory 480 240 Total units accounted for 3520 3322 Cost to be accounted for Cost in beginning WIP $1,248.00 $976.00 $272.00 Current period costs $18,084.00 $11,440.00 $6,644.00 Total cost to be accounted for $19,332.00 $12,416.00 $6,916.00 Cost per equivalent unit using FIFO $3.25 $2.00 Costs beginning from WIP inventory $1,248.00 $976.00 $272.00 Materials $780.00 Conversion
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Unformatted text preview: $564.00 Current cost to add to beginning WIP $1,344.00 Materials $9,100.00 Conversion $5,600.00 Total cost of units started and completed $14,700.00 Total cost transferred out $17,292.00 $10,856.00 $6,436.00 Materials $1,560.00 Conversion $480.00 Costs of ending WIP inventory $2,040.00 Total cost accounted for $19,332.00 $12,416.00 $6,916.00 Problem 8-30 WIP inventory $ 744,960.00 Materials $ 304,920.00 Conversion $ 440,040.00 Beginning inventory 48000 completed 0.3 Transferred out 102000 ending inventory 30000 ending inventory complete direct materials 0.8 conversion 0.4 Cost incurred direct materials $ 2,343,600.00 conversion $ 3,027,840.00 Total cost of materials $ 2,648,520.00 Total cost of conversion $ 3,467,880.00 Equivlliant units for materials 126000 24000 Cost per equivilant unit for direct materials $ 21.02 114000 12000 Cost per equivilant unit for conversion $ 30.42...
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