P3-3A answer - Physical Conversion Quantities Units...

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For Plant A Stein Corporation Stamping Department Plant A Production Cost Report For the Month Ended June 30 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, June 1 0 Started into production 20,000 Total units 20,000 Units account for Transferred out 18,000 18,000 18,000 Work in process, June 30 2,000 2,000 1,400 Total units accounted for 20,000 20,000 19,400 2,000 units x 70% complete with respect to conversion…………….1,400 Costs Unit Cost Materials Conversion Total Costs Costs in June $840,000 $620,800 $1,460,800 Equivalent units 20,000 19,400 Unit costs $42 $32 = $74 Costs to be accounted for Work in process, June 1 0 0 0 Started into production $840,000 $620,800 $1,460,800 Total costs $840,000 $620,800 $1,460,800 Cost Reconciliation Schedule Costs accounted for Transferred out $1,332,000 Work in process, June 30 Materials $84,000 Conversion costs $44,800 $ 128,800 Total costs $1,460,800
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For Plant B Equivalent Units
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Unformatted text preview: Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, June 1 Started into production 20,000 Total units 20,000 Units account for Transferred out 17,000 17,000 17,000 Work in process, June 30 3,000 3,000 1,500 Total units accounted for 20,000 20,000 18,500 3,000 units x 50% complete with respect to conversion.1,500 Costs Unit Cost Materials Conversion Total Costs Costs in June $700,000 $555,000 $1,255,000 Equivalent units 20,000 18,500 Unit costs $35 $30 = $65 Costs to be accounted for Work in process, June 1 Started into production $700,000 $555,000 $1,255,000 Total costs $700,000 $555,000 $1,255,000 Cost Reconciliation Schedule Costs accounted for Transferred out $1,105,000 Work in process, June 30 Materials $105,000 Conversion costs $ 45,000 $ 150,000 Total costs $1,255,000...
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P3-3A answer - Physical Conversion Quantities Units...

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