48 - partment . ..........................................

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Exercise 4-10  (10 minutes) Work in Process—Mixing . .................................. 330,000 Raw Materials Inventory . ............................. 330,000 Work in Process—Mixing . .................................. 260,000 Work in Process—Baking . .................................. 120,000 Wages Payable . ........................................... 380,000 Work in Process—Mixing . .................................. 190,000 Work in Process—Baking . .................................. 90,000 Manufacturing Overhead . ............................. 280,000 Work in Process—Baking . .................................. 760,000 Work in Process—Mixing . ............................. 760,000 Finished Goods . ................................................ 980,000 Work in Process—Baking. ............................. 980,000 Exercise 4-11  (20 minutes) Weighted-Average Method 1. Materials Labor Overhead Units transferred to the next de-
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Unformatted text preview: partment . ....................................... 790,000 790,000 790,000 Ending work in process: Materials: 50,000 units × 60% complete. ..................................... 30,000 Labor: 50,000 units × 20% com-plete. ........................................... 10,000 Overhead: 50,000 units × 20% complete. ..................................... 10,000 Equivalent units of production . ........... 820,000 800,000 800,000 2. Materials Labor Overhead Cost of beginning work in process . ...... $ 68,600 $ 30,000 $ 48,000 Costs added during the period . ........... 907,200 370,000 592,000 Total cost (a) . .................................... $975,800 $400,000 $640,000 Equivalent units of production (b) . ...... 820,000 800,000 800,000 Cost per equivalent unit (a) ÷ (b). ....... $1.19 $0.50 $0.80...
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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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48 - partment . ..........................................

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