Accounting 152 Chapter 4 HW

Accounting 152 Chapter 4 HW - 36,550 13,500 Cost Added...

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Taylor Foxworth Accounting 152 – Bayak – Chapter 4 Problem 19 February 10, 2009 Percent Complete Units Materials Conversion Beginning WIP 70,000 70% 40% Units started into prod. 460,000 Units transferred out 450,000 Ending WIP 80,000 75% 25% Units transferred 450,000 450,000 Ending WIP Materials: 80,000 x .75 60000 Conversion: 80,000 x .25 20000 Equivalent Units: 510,000 470,000 Cost of Beginning WIP
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Unformatted text preview: 36,550 13,500 Cost Added 391,850 287,300 Total Cost 428,400 300,800 Cost/Equiv. Unit 0.84 0.64 Ending WIP Equiv. 60000 20000 0.84 0.64 50400 12800 63200 Transferred Out. 450,000 450,000 0.84 0.64 378000 288000 666000 Reconciliation: Cost Beginning WIP 50,050 Cost Addded 679,150 Total 729,200 Cost Ending WIP 63200 Cost Transferred 666000 729200...
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