Exam 1 - Problem 2 - Cost for (B) Total for (A) + (B) B....

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
A. Calculate Equivalent Units Beginning Inventory Started and Completed Ending Inventory Started into Production  10,000.00   130,000.00   40,000.00   170,000.00  Started into Production Units Material Conversion Beginning inventory $10,000.00 100% 30% Started and Completed $130,000.00 Completed and Transferred out $140,000.00 100% 100% Ending Inventory $40,000.00 100% 40% 3.Applying Cost to Units Material Conversion Total Material $40,000.00 Conversion $16,000.00 Equivalent Units $40,000.00 $16,000.00 Cost per Equivalent Unit $0.84 $1.62 $33,600.00 $25,846.15 $59,446.15 Beginning Inventory $10,000.00 $10,000.00 $10,000.00 Started and Completed $130,000.00 $130,000.00 $130,000.00 Completed and Transferred out $140,000.00 $140,000.00 $140,000.00 Cost per Equivalent Unit $0.84 $1.62 $117,600.00 $226,153.85 $343,753.85 $151,200.00 $252,000.00 $403,200.00 (A)  Ending WIP Inventory Material Cost for  (A) (B)  Completed and Transferred out
Background image of page 1

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

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Cost for (B) Total for (A) + (B) B. Cost per Equivalent Units for June Material Conversion Ignore under WAM Ignore under WAM $140,000.00 $140,000.00 $40,000.00 $16,000.00 $180,000.00 $156,000.00 Material Conversion Total $11,800.00 $7,800.00 $19,600.00 $139,400.00 $244,200.00 $383,600.00 $151,200.00 $252,000.00 $403,200.00 $180,000.00 $156,000.00 $0.84 $1.62 4. Cost Reconciliation Cost to be Accounted for Material Conversion Total Cost of Beginning WIP $11,800.00 $7,800.00 $19,600.00 Cost Added During Period $139,400.00 $244,200.00 $383,600.00 Total Cost to be Accounted $151,200.00 $252,000.00 $403,200.00 Cost Accounted for as Follows Cost of Ending WIP $33,600.00 $25,846.15 $59,446.15 Cost of Completed and Transferred out $117,600.00 $226,153.85 $343,753.85 $151,200.00 $252,000.00 $403,200.00...
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 / 2

Exam 1 - Problem 2 - Cost for (B) Total for (A) + (B) B....

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online