Chapter4Solution

# Chapter4Solution - Excel Templates Chapter 4 Student Name...

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Excel Templates Chapter 4 Student Name: <Type your name here> Class: <Type your class here>

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Problem 4-22 Given Data: REUTTER COMPANY Production data: Inventory, July 1: Units 60,000 Materials complete 60% Conversion complete 30% Materials cost \$27,000 Conversion cost \$13,000 Units started into production 510,000 Inventory, July 31: Units 70,000 Materials complete 80% Conversion complete 40% Cost added during July: Materials cost \$468,000 Conversion cost \$357,000
<Type your name here> <Type your class here> Excel Templates Chapter 4 Problem 4-22 Part 1 Equivalent Units of Production Materials Conversion To complete beginning work in process: Materials 60,000 40% 24,000 Conversion 60,000 70% 42,000 Units started and completed during the period : 440,000 100% 440,000 440,000 Ending work in process: Materials 70,000 80% 56,000 Conversion 70,000 40% 28,000 Equivalent units of production 520,000 510,000 Part 2 Cost per Equivalent Unit Materials Conversion Cost added during the period \$468,000 \$357,000 Divide by: Equivalent units of production 520,000 510,000 Cost per equivalent unit \$0.90 \$0.70 Part 3 Costs of Ending Work in Process Inventory and Units Transferred Out Materials Conversion Total Ending work in process inventory: Equivalent units of production 56,000 28,000 Cost per equivalent unit \$0.90 \$0.70 Cost of ending work in process inventory \$50,400 \$19,600 \$70,000 Units transferred out: Cost in beginning work in process inventory \$27,000 \$13,000 \$40,000 Cost to complete the units in beginning work in process inventory: 24,000 42,000 Cost per equivalent unit \$0.90 \$0.70 Cost to complete the units in beginning inventory \$21,600 \$29,400 \$51,000 Cost of units started and completed this period: Units started and completed this period 440,000 440,000 Cost per equivalent unit \$0.90 \$0.70 Cost of units started and completed this period \$396,000 \$308,000 \$704,000 Cost of units transferred out \$795,000 Part 4 Cost Reconciliation Materials Conversion Total Number of Units Percentage Completed During Current Period Equivalent units of production required to complete the beginning inventory

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Costs to be accounted for: Cost of beginning work in process inventory
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Chapter4Solution - Excel Templates Chapter 4 Student Name...

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