44 - ...... 410,000 410,000 Ending work in process:...

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d. To record transfer of unfired, molded bricks from the Molding  Department to the Firing Department:  Work in Process—Firing Department. ............ 67,000 Work in Process—Molding Department . .. 67,000 e. To record transfer of finished bricks from the Firing Department  to the finished goods warehouse:  Finished Goods. ........................................... 108,000 Work in Process—Firing Department . ..... 108,000 f.  To record Cost of Goods Sold: Cost of Goods Sold . ..................................... 106,000 Finished Goods . .................................... 106,000 Exercise 4-2  (10 minutes) Weighted-Average Method Equivalent Units Materials Conversion Units transferred to the next department .
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Unformatted text preview: ...... 410,000 410,000 Ending work in process: Materials: 30,000 units × 70% complete . .... 21,000 Conversion: 30,000 units × 50% complete . . 15,000 Equivalent units of production . ...................... 431,000 425,000 Exercise 4-3 (10 minutes) Weighted-Average Method Materials Labor Overhead Total Work in process, May 1. ....... $ 14,550 $23,620 $118,100 Cost added during May . ....... 88,350 14,330 71,650 Total cost (a) . ..................... $102,900 $37,950 $189,750 Equivalent units of 1,200 1,100 1,100 production (b). .................. Cost per equivalent unit $85.75 $34.50 $172.50 $292.75 (a) ÷ (b) . ............................
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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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44 - ...... 410,000 410,000 Ending work in process:...

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