# Book1 - Cost of Beginning Inventory Cost Added to...

This preview shows pages 1–3. Sign up to view the full content.

1. Calculate Equivalen Units Beginning Inventory Started and Completed Ending Inventory \$20,000.00 \$140,000.00 \$40,000.00 Units Material Conversion Beginning inventory \$20,000.00 100% 75% Started and Completed \$140,000.00 Completed and Transferred out \$160,000.00 100% 100% Ending Inventory \$40,000.00 100% 25% 3.Applying Cost to Units Material Conversion Total Material \$40,000.00 Conversion \$10,000.00 Equivalent Units \$40,000.00 \$10,000.00 Cost per Equivalent Unit \$1.80 \$1.55 \$72,000.00 \$15,500.00 \$87,500.00 Beginning Inventory \$20,000.00 \$20,000.00 \$20,000.00 Started and Completed \$140,000.00 \$140,000.00 \$140,000.00 Completed and Transferred out \$160,000.00 \$160,000.00 \$160,000.00 Cost per Equivalent Unit \$1.80 \$1.55 \$288,000.00 \$248,000.00 \$536,000.00 \$360,000.00 \$263,500.00 \$623,500.00 (A) Ending WIP Inventory Material Cost for (A) (B) Completed and Transferred out Cost for (B) Total for (A) + (B)

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
2.Calculate pe Equivalent Unit Cost
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Cost of Beginning Inventory Cost Added to Production During the Period Material Conversion Ignore under WAM Ignore under WAM \$160,000.00 \$160,000.00 \$40,000.00 \$10,000.00 \$200,000.00 \$170,000.00 Material Conversion \$25,200.00 \$24,800.00 \$334,800.00 \$238,700.00 \$360,000.00 \$263,500.00 \$200,000.00 \$170,000.00 \$1.80 \$1.55 4. Cost Reconciliation Cost to be Accounted for Material Conversion Cost of Beginning WIP \$25,200.00 \$24,800.00 Cost Added During Period \$334,800.00 \$238,700.00 Total Cost to be Accounted \$360,000.00 \$263,500.00 Cost Accounted for as Follows Cost of Ending WIP \$72,000.00 \$15,500.00 Cost of Completed and Transferred out \$288,000.00 \$248,000.00 \$360,000.00 \$263,500.00 Total \$50,000.00 \$573,500.00 \$623,500.00 Total \$50,000.00 \$573,500.00 \$623,500.00 \$87,500.00 \$536,000.00 \$623,500.00...
View Full Document

## This note was uploaded on 10/30/2010 for the course FINANCE Excel taught by Professor Vahn during the Spring '10 term at City College of San Francisco.

### Page1 / 3

Book1 - Cost of Beginning Inventory Cost Added to...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online