hw_solution_8

hw_solution_8 - 8.14. Compute Equivalent...

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8.14. Compute Equivalent Units—Weighted-Average Method: Clean Corporation a. Materials b. Conversion Costs Units transferred out. ........................................... 210,000 210,000 Equivalent units in ending inventory: Materials: 20% x 70,000a units. ....................... 14,000 EU Conversion costs: 10% x 70,000 units. ........... 7,000 EU Total equivalent units for all work done to date. . 224,000 EU 217,000 EU a70,000 units in ending inventory = 40,000 units in beginning inventory + 240,000 units started this period – 210,000 units transferred out. 8.15. Compute Equivalent Units—FIFO method: Clean Corporation Compute Equivalent Units—FIFO a. Materials b. Conversion Costs To complete beginning inventory: Materials: 50%a x 40,000 units. ....................... 20,000 EU Conversion costs: 70%b x 40,000 units. .......... 28,000 EU Started and completed during the period. ........... 170,000 EU c 170,000 EU Units still in ending inventory: Materials: 20% x 70,000d units. ....................... 14,000 EU Conversion costs: 10% x 70,000 units. ........... 7,000 EU 204,000 EU 205,000 EU a50% = 100% – 50% already done at the beginning of the period. b70% = 100% – 30% already done at the beginning of the period. c170,000 units started and completed = 210,000 units transferred out less 40,000 units from beginning inventory. d 70,000 units in ending inventory = 40,000 units in beginning inventory + 240,000 units started this period – 210,000 units transferred out. Alternative Method: Equivalent units of work done this period = Units transferred out + EU ending inventory EU beginning inventory a. Materials: 204,000 EU = 210,000 units + 14,000 EU 20,000 EU
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b. Conversion Costs: 205,000 EU = 210,000 units + 7,000 EU 12,000 EU 8.16. Compute Equivalent Units—Weighted Average Method: Missouri Corporation. a.
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This note was uploaded on 10/29/2009 for the course ACC 066 taught by Professor Kwak during the Spring '08 term at DeAnza College.

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hw_solution_8 - 8.14. Compute Equivalent...

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