Chapter 4 Homework Thursday Jan31

Chapter 4 Homework Thursday Jan31 - THURSDAY JAN 31 4-16...

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THURSDAY JAN 31 4-16, 4-18, 4-19, 4-22 EXERCISE 4-16 (10 MINUTES) The general formula for all three cases is the following: Work-in- process, beginning + Units started during month Units completed during month = Work-in- process, ending Using this formula, the missing amounts are: 1. 12,000 units 2. 5,300 kilograms 3. 750,000 gallons EXERCISE 4-18 (15 MINUTES) 1. 6,000 equivalent units (refer to (a) in the following table) 2. 4,400 equivalent units (refer to (b) in the following table) CALCULATION OF EQUIVALENT UNITS: RAINBOW GLASS COMPANY Weighted-Average Method Physic al Units Percentage of Completion with Respect to Conversion Equivalent Units Direct Materi al Conversio n Work in process, October 1. ................... 1,000 60% Units started during October. ..................... 5,000 Total units to account for. ............................. 6,000 Units completed and
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transferred out during October. ..................... 4,000
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Chapter 4 Homework Thursday Jan31 - THURSDAY JAN 31 4-16...

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