BobeeAssignment5.xlsx

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2 PROBLEM ONE Moravia Company processes and packages cream cheese. The following data have been compiled the month of April: Work in process, April 1 - 10,000 units: 10,000 Units started in April 100,000 Units completed during April and transferred out to finished-goods inventory 80,000 Work in process, April 30: 30,000 Direct materials: 65% complete Conversion: 30% complete Cost of beginning inventory: Materials $107,400 Conversion $322,000 Costs added to production Materials $738,350 Conversion $897,300 Compute cost of goods manufactured $ $ 1,776,000.00 Compute cost of ending inventory $ $ 289,050.00 C O M P U T A T I O N S Cost to acconut for: Materials Conversion BI BI $107,400 $322,000 Started Cost added $738,350 $897,300 Units to account for Total cost to account for $845,750 $1,219,300 EU 110,000 Completed EI Units to account for Materials Conversion Cost to acconut for: % complete EU % complete EU BI 100% 80,000 100% 80,000 Cost added 65% 19,500 30% 9,000 Total cost to acct for 99,500 89,000 EU Cost per unit PROBLEM TWO Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor hours
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