cost accounting chapter 17 process costing solution manual

# cost accounting chapter 17 process costing solution manual ...

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CHAPTER 17 PROCESS COSTING 17-20 (20 min.) Weighted-average method, assigning costs (continuation of 17-19). Solution Exhibit 17-20 calculates cost per equivalent unit of work done to date in the Satellite Assembly Division of Aerospatiale, summarizes total costs to account for, and assigns costs to units completed and to units in ending work-in-process inventory. SOLUTION EXHIBIT 17-20 Steps 3, 4, and 5: Compute Cost per Equivalent Unit, Summarize Total Costs to Account For, and Assign Total Costs to Units Completed and to Units in Ending Work in Process; Weighted-Average Method of Process Costing, Satellite Assembly Division of Aerospatiale for May 2007. Total Production Costs Direct Materials Conversion Costs (Step 3 ) Work in process, beginning (given) \$ 5,844,000 \$ 4,933,600
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Unformatted text preview: \$ 910,400 Costs added in current period (given) 46,120,000 32,200,000 13,920,000 Costs incurred to date \$37,133,600 \$14,830,400 Divide by equivalent units of work done to date (Solution Exhibit 17-19) ÷ 53.2 ÷ 49 .6 Cost per equivalent unit of work done to date \$ 698,000 \$ 299,000 ( Step 4 ) Total costs to account for \$51,964,000 ( Step 5 ) Assignment of costs: Completed and transferred out (46 units) 45,862,000 (46* × \$698,000) + (46* × \$299,000) Work in process, ending (12 units) 6,102,000 (7.2 † × \$698,000) + (3.6 † × \$299,000) Total costs accounted for \$51,964,000 * Equivalent units completed and transferred out from Solution Exhibit 17-19, Step 2. † Equivalent units in work in process, ending from Solution Exhibit 17-19, Step 2....
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