Burkhart-Problem 5-6,5-7

Burkhart-Problem 5-6,5-7 - Brittany Burkhart Problem 5-6...

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Brittany Burkhart Problem 5-6 Harmon Corporation Cost of Production Summary-Cutting For the Month Ended in May Cost of Work in Process, Beginning of Month: Materials 5000 Labor 6450 Factory Overhead 3550 15000 Cost of Production for Month: Materials 37000 Labor 45000 Factory Overhead 50000 132000 147000 Unit output for month: Finished and transferred to grinding during month 15000 Equivalent units of work in process, end of month 1000 Total equivalent production 16000 Unit cost for month: Materials [(5000+37000)/16000] 2.63 Labor [(6450+45000)/16000] 3.22 Factory Overhead [(3550+50000)/16000] 3.35 Total 9.2 Inventory Costs: Cost of goods finished and transferred to grinding during month(15000*9.2) 138000 Cost of work in process, end of month: Materials (5000*1/5*2.63) 2630 Labor (5000*1/5*3.22) 3220 Factory Overhead (5000*1/5*3.35) 3350 9200 Total production costs accounted for 147200 I can't seem to figure out why my numbers do not match, and are 200 dollars off. Harmon Corporation Cost of Production Summary-Grinding For the Month Ended in May Cost of work in process, beginning of month-Grinding: Cost in Cutting
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Burkhart-Problem 5-6,5-7 - Brittany Burkhart Problem 5-6...

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