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5e sol06-16

5e sol06-16 - Costs added during the month 1,710,000...

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Cost Management Hansen and Mowen Prob 6-16 Name: SOLUTION Enter the appropriate amounts in the shaded cells in columns E and K. 1) Physical Flow Schedule Units Units, beginning work in process 27,000 Units started 63,000 Units to account for 90,000 Units completed and transferred out 81,000 Units, ending work in process 9,000 Total units accounted for 90,000 Enter the appropriate amounts in the shaded cells in columns E, G, I, K and M. 2) Equivalent Units - Weighted average method Materials Conversion Units completed and transferred out 81,000 81,000 Units, ending work in process Materials 9,000 x 100% 9,000 Conversion 9,000 x 25% 2,250 Equivalent units of output 90,000 83,250 3) Costs to account for and cost per unit Materials Conversion Total Costs in beginning work in process \$810,000 \$248,400 \$1,058,400
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Unformatted text preview: Costs added during the month 1,710,000 3,914,100 5,624,100 \$2,520,000 \$4,162,500 \$6,682,500 Divided by: Equivalent units of output 90,000 83,250 Cost per unit \$28.00 \$50.00 \$78.00 4) Cost accounted for Costs transferred out: 81,000 x \$78.00 \$6,318,000 Costs in ending work in process: Material 9,000 x \$28.00 \$252,000 Conversion 2,250 x \$50.00 112,500 364,500 Total cost accounted for \$6,682,500 Reconciliation: Costs to account for: Costs accounted for: Beginning WIP \$1,058,400 Transferred out \$6,318,000 August 5,624,100 Ending WIP 364,500 Total \$6,682,500 Total \$6,682,500 Enter the appropriate accounts in columns B and C and the appropriate amounts in column G and I. 5) Work in Process -- Drilling 6,318,000 Work in Process -- Molding 6,318,000...
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