BA511-L2A4 - $0.70 Cost of ending work in process inventory...

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Student Name: Class: BRADY PRODUCTS Cracking Department Production Report Weighted Average Method 1. Equivalent Units of Production Materials Conversion Pounds accounted for as follows: Transferred Out 270,000 270,000 Ending WIP 45000 30000 Total pounds accounted for 315,000 300,000 Correct! Correct! 2. Costs per Equivalent Unit Materials Conversion Begin WIP $43,400 $20,300 Transferred Out 397,600 189,700 Total cost $441,000 $210,000 Equivilant units of production 315,000 300,000 Cost per equivalent unit $1.40 $0.70 Correct! Correct! 3. Cost of Ending Work in Process Inventory and Units Transferred Out Materials Conversion Total Ending work in process inventory: Equivalent units of production 315,000 300,000 Cost per equivalent unit $1.40
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Unformatted text preview: $0.70 Cost of ending work in process inventory $63,000 $21,000 $84,000 Units completed and transferred out: Correct! Cost of units started and completed this period: Units transferred to the next department 270,000 270,000 Cost per equivalent unit $1.40 $0.70 Cost of units completed and transferred out $378,000 $189,000 $567,000 Correct! Given Data P04-25: BRADY PRODUCTS Inventory, May 1 63,700 Pounds 35,000 Conversion completion 4/5 May costs added: Raw materials 397,600 Pounds 280,000 Conversion costs 189,700 Work in process inventory: Materials cost $43,400 Conversion cost $20,300 Check figures: Materials per equivalent unit $1.40 Ending work in process 84,000...
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BA511-L2A4 - $0.70 Cost of ending work in process inventory...

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