3.22 may%2020%20Process%20Costing%20extra%20egs%20solns

3.22 may%2020%20Process%20Costing%20extra%20egs%20solns -...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Process Costing Solutions to Extra Problems
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Problem 1: Solution Department A Units completed and transferred to Dept B = BWIP + Started – EWIP = 3 200 + 17 000 – 4 000 16 200 Ending WIP (4 000 x 25%) 1 000 Equivalent units 17 200
Background image of page 2
3 Problem 1: Solution Department B Units completed and transferred out = BWIP + Transferred in from A – EWIP = 5 300 + 16 200 – 3 500 18 000 Ending WIP (3 500 x 55%) 1 925 Equivalent units 19 925
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4 Problem 2: Solution Picking Department Costs to account for : Mat'ls Conv'n Total Beginning WIP $ 252 $ 846 $ 1 098 Incurred during March 3 636 13 854 17 490 Total costs $3 888 $14 700 $18 588 Equivalent Units Mat'ls Conv'n Units completed 140 140 Units in ending WIP (100% already added x 20 ℓ) 20 (50% processed x 20 ℓ) 10 Total equivalent units 160 150
Background image of page 4
5 Cost per equivalent unit Mat'ls Conv'n Total Total costs $3 888 $14 700 ÷ Equivalent units 160 150 Cost per equivalent unit $24.30 $98.00 $122.30
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Value inventories Benson Pharmaceuticals Picking Department
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 9

3.22 may%2020%20Process%20Costing%20extra%20egs%20solns -...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online