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

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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)
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2.Calculate pe Equivalent Unit Cost
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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...
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Book1 - Cost of Beginning Inventory Cost Added to...

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