50 - ....... Labor and overhead: 30,000 pounds (100% 55%) .

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Exercise 4-14  (10 minutes) Weighted-Average Method Pounds transferred to the Packing Department Materials Overhead during May . ........................................................ 490,000 490,000 Work in process, May 31: Materials: 20,000 pounds × 100% complete . ........ 20,000 Labor and overhead: 20,000 pounds × 90% complete. ......................................................... 18,000 Equivalent units of production . ............................... 510,000 508,000 Exercise 4-15  (15 minutes) FIFO Method To complete the beginning work in process: Materials Overhead Materials: 30,000 pounds × (100% − 100%).
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Unformatted text preview: ....... Labor and overhead: 30,000 pounds (100% 55%) . ..................... 13,500 Pounds started and completed during May (480,000 pounds started 20,000 pounds in ending inventory) . ............................................... 460,000 460,000 Ending work in process: Materials: 20,000 pounds 100% complete . ........ 20,000 Labor and overhead: 20,000 pounds 90% complete. ......................................................... 18,000 Equivalent units of production . ............................... 480,000 491,500...
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This note was uploaded on 03/25/2010 for the course ACCT 202 taught by Professor Karenpierce during the Spring '10 term at LA Tech.

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