Hwk 11C - Robert Garrett E11-33 and P11-38, 39 & 52 E11-33...

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Robert Garrett E11-33 Dept 1 Dept 2 DM used in production 55000 32000 Direct Labor 160000 320000 Applied Factory OH 340000 250000 CoGC and Transferred 850000 740000 Account Debit Credit 1 WIP Inventory-Dept 1 555000 Materials Inventory 55000 Accrued Payroll 160000 Factory OH applied 340000 2 WIP Inventory-Dept 2 850000 WIP Inventory-Dept 1 850000 3 WIP Inventory-Dept 2 602000 Materials Inventory 32000 Accrued Payroll 320000 Factory OH applied 250000 4 Finished Goods Inv 740000 WIP Inventory-Dept 2 740000 P11-38 Flow of Units Equivalent Units Units % DM Conv Input WIP, Beginning 6,000 DM 100% Conversion 50% Units started 15,000 Units to account for 21,000 Output Units completed 18,000 100% 18,000 18,000 WIP, Ending 3,000 DM 100% 3,000 Conversion 50% 1,500 Units accounted for 21,000 1 Total equivalent units 21,000 19,500 DM Conv Total WIP, Beginning 88,000 126,000 214,000 Costs added in month 220,000 356,000 576,000 Total costs to account for 308,000 482,000 790,000 Divide by EUs 21,000 19,500 2 EU cost 14.67 24.72 39.38 Complete WIP Total
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Goods completed & TO 708,923 708,923 Ending WIP DM 44,000 44,000 Conversion 37,077 37,077 Total costs accounted for 708,923 81,077 790,000 P11-39 Flow of Units Equivalent Units Units % DM Conv Input WIP, Beginning 6,000 DM 100% 6,000 Conversion 50% 3,000 Units started 15,000 Units to account for 21,000 Output Units completed 18,000 100% 18,000 18,000 WIP, Ending 3,000 DM 100% 3,000 Conversion 50% 1,500 Units accounted for 21,000 Total EUs (W-Avg) 21,000 19,500 Less, March 1 EUs (6,000) (3,000) 1 Total EUs (FIFO) 15,000 16,500 DM Conv Total WIP, Beginning 214,000 Costs added in March 220,000 356,000 576,000 Total costs to account for 220,000 356,000 790,000 Divide by EUs 15,000 16,500 2 EU cost 14.67 21.58 36.24 Complete WIP Total Goods completed & TO Beginning WIP 214,000 Costs added in month DM (0 @ $14.67) - Conv (3000 @ $21.58)
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This note was uploaded on 09/08/2008 for the course ACCTG 358 taught by Professor Rabe during the Fall '08 term at Luther.

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Hwk 11C - Robert Garrett E11-33 and P11-38, 39 & 52 E11-33...

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