ACCT2301-002-Chap5-InClass-sp2009

ACCT2301-002-Chap5-InClass-sp2009 - ACCT 2301-002 Exercise...

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ACCT 2301-002 Exercise E5-21 1. Prepare a schedule showing, for each department, the cost of direct materi applied overhead, product transferred in from a prior department, and total Molding Grinding Finishing Department Department Department Direct materials $15,400 $1,900 $1,225 Direct labor 1,150 2,800 1,900 Applied overhead 1,750 13,600 1,900 Transferred in cost: From Molding - 18,300 - From Grinding - - 36,600 Total Manufacturing Cost $18,300 $36,600 $41,625 2. Unit cost (1,500 units) = $41,625 ÷ = $27.75 per unit Exercise E5-21 To transfer costs from Molding to Grinding: WIP - Grinding 20,500 WIP - Molding 20,500 To transfer costs from Grinding to Finishing: WIP - Finishing 40,500 WIP - Grinding 40,500 To transfer costs from Finishing to Finished Goods: Finished Goods 47,000 WIP - Finishing 47,000
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rials, direct labor, l manufacturing cost. 1,500 units
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ACCT 2301-002 Exercise E5-27 1. Using the weighted average method, calculate unit cost. Note that equivalent units have already been calculated.
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This note was uploaded on 03/30/2009 for the course ACCT 2301 taught by Professor Staff during the Spring '08 term at Texas Tech.

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ACCT2301-002-Chap5-InClass-sp2009 - ACCT 2301-002 Exercise...

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