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

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

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1 Process Costing Solutions to Extra Problems

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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
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

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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
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

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Value inventories Benson Pharmaceuticals Picking Department
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3.22 may%2020%20Process%20Costing%20extra%20egs%20solns -...

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