Production+cost+report - E3-5

Production+cost+report - E3-5 - Conversion Costs 12000...

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Production Cost Re Equ Physical Units Materials QUANTITIES Units to be accounted for Work in process, April 1 0 Started into production 15000 Total Units 15000 Units accounted for Transferred out 12000 12000 Work in process, April 31 3000 3000 Total Units 15000 15000 COSTS Materials Conversion Costs Unit costs Costs in April $36,000.00 $37,320.00 Equivalent units 15000 13200 Cost per equivalent unit $2.40 $2.83 Costs to be accounted for Work in process, April 1 0 0 Started into production $36,000.00 $37,320.00 Total Costs Costs Reconciliation Schedule Costs accounted for Transferred out $62,727.27 Work in process, April 31 Materials $7,200.00 Conversion Costs $3,392.73 Total Costs $73,320.00
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Unformatted text preview: Conversion Costs 12000 Number of units *% completed 12000*100% ,12000*100% 1200 Number of units *% completed 3000*100% ,3000*40% 13200 Total of equivalent units 12000+3000 ,12000+1200 Total $73,320.00 Cost in April /number of equivalent units $73,320.00 Sum of material cost and conversion cost in beginning WIP and Cos Units transferred out *( material cost per equivalent unit +conversion cost per equivalent unit) ,12000*($2.40+ Units transferred out * material cost per equivalent unit ,3000*$2.40 Units transferred out *conversion cost per equivalent unit ,1200*$2.83 st in April +$2.83)...
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Production+cost+report - E3-5 - Conversion Costs 12000...

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