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Exam 1 - Problem 2

# Exam 1 - Problem 2 - Cost for(B Total for(A(B B Cost per...

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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

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

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