NEW_Homework 4 Brewer - Chap 4 Questions

NEW_Homework 4 Brewer - Chap 4 Questions - HOMEWORK #4...

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HOMEWORK #4 CHAPTER 4 E4-7) Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department follow: Units Materials Labor Overhead Work in process, beginning 73,000 $ 350,000 $ 28,000 $ 41,000 Units started in process 760,000 Units transferred out 780,000 Work in process, ending 53,000 Cost added during the month $ 920,000 $ 390,000 $ 590,000 The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to processing. The ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to processing. The company uses the weighted-average method of accounting for units and costs Requirement 1: (a) Prepare a quantity schedule for the month for the first department. Quantity Schedule Units to be accounted for: Total units to be accounted for (b) Compute the equivalent units for the month for the first department. Equivalent Units (EU)
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Materials Labor Overhead Requirement 2: Determine the costs per equivalent unit for May. Cost per equivalent unit $ E4-8) Helox, Inc., manufactures a product that passes through two production processes. A quantity schedule for the month of May for the first process follows: Quantity Schedule Units to be accounted for: Work in process, May 1 (materials 100% complete; conversion 40% complete) 5,000 Started into production 180,000 Total units to be accounted for 185,000 Costs in the beginning work in process inventory of the first processing department were: materials, $1,500; and conversion cost, $4,000 Costs added during the month were: materials, $54,000; and conversion cost, $352,000. Requirement 1:
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This note was uploaded on 03/27/2008 for the course AEM 3230 taught by Professor Little,j.e. during the Spring '08 term at Cornell.

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NEW_Homework 4 Brewer - Chap 4 Questions - HOMEWORK #4...

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