Cashunda Buckner_ACG3351-12-Week-4.docx

Cashunda Buckner_ACG3351-12-Week-4.docx - Cashunda Buckner...

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Cashunda Buckner Week 4 assignment 17-19 Flow of Production Physical Units Direct Materials C. Costs Work in process 80 current period 500 To account for 580 Completed and transferred out 460 460 460 Work in process 120 Ending + + 120 * 60% 120 *30% 72 36 Accounted for 580 ___ ___ Equivalent units of work done 532 496 17-24 1. Flow of Production Physical Units Direct Materials C. Costs Work in process, beginning 8,700 current period 34,500 To account for 43,200 Completed and transferred out 32,000 32,000 32,000 Work in process 11,200 11,200 * 100% 11,200 *70% 11,200 7,840 Accounted for 43,200 Equivalent units of work done to date 43,200 39,840
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2. Work in process, beginning $104,700 $ 61,500 $ 43,200 Costs added in current period 800,004 301,380 498,624 Total costs to account for $904,704 $362,880 $541,824 _________________________________________________________________________ Costs incurred to date $362,880 $541,824 Divide by equivalent units of work done to /43,200 /39,840 Cost per equivalent unit of work done to date $8.40 $13.60 ___________________________________________________________________________ Assignment of costs: Completed and transferred out (32,000 units) $704,000 = (32,000 * $8.40) + (32,000 * $13.60) Work in process, ending (11,200 units) 200,704 = (11,200 * $8.40) + (7,840 * $13.60) Total costs accounted for $904,704 $362,880 + $541,824 17-27 Equivalent Units Flow of Production Physical Units Transferred-in Costs Direct Materials Conversion
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