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chapter 6 pr 16

# chapter 6 pr 16 - Costs added during month Direct labor...

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Phelim Lennon March 13th, 2008 Chapter 6 Problem 16 1. Physical Flow Schedule Units to account for: Units, BWIP 27,000 Units started 63,000 Total units to account for 90,000 Units accounted for: Units completed and transferred out: Started and completed 54,000 From BWIP 27,000 81,000 Units, EWIP 9,000 Total units accounted for 90,000 2. Equivalent Units of Production Direct Conversion  Materials Costs Units completed 81,000 81,000 Units, EWIP x Percent complete: Direct materials (9,000 x 100%)  9,000 Conversion costs (9,000 x 25%) 2,250 90,000 83,250 3. Cost Per Unit Direct Materials: Beginning inventory \$810,000 Costs added during month \$1,710,000 \$2,520,000 Equivalent Units / 90,000 Direct Material Cost Per Unit: \$28 Conversion Costs: Beginning inventory

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Direct labor \$148,400 Applied overhead \$100,000 \$248,400
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Unformatted text preview: Costs added during month Direct labor \$2,314,100 Applied overhead Inspection (\$100 x 4,000) \$400,000 Maintenance (\$500 x 1,600) \$800,000 Receiving (\$200 x 2,000) \$400,000 \$1,600,000 \$4,162,500 Equivalent Units / 83,250 Conversion Cost Per Unit \$50.00 Direct Material Cost Per Unit: \$28 Conversion Cost Per Unit \$50.00 Cost Per Unit \$78.00 4. Cost of goods transferred out: Cost Per Unit \$78.00 Units transferred out x 81,000 \$6,318,000 Cost of ending work-in-process: Direct Material Cost Per Unit: \$28 DM equivalent units 9,000 \$252,000 Conversion Cost Per Unit \$50.00 Conversion equivalent units 2,250 \$112,500 \$364,500 5. Work in Process - Molding \$6,318,000 Work in Process - Drilling \$6,318,000...
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