cost accounting chapter 17 process costing solution manual 1

cost accounting chapter 17 process costing solution manual...

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CHAPTER 17 PROCESS COSTING 17-40 (45 min.) Transferred-in costs, weighted-average and FIFO methods. 1. Solution Exhibit 17-40A computes the equivalent units of work done to date in the Drying and Packaging Department for transferred-in costs, direct materials, and conversion costs. Solution Exhibit 17-40B calculates the cost per equivalent unit of work done to date in the Drying and Packaging Department for transferred-in costs, direct materials, and conversion costs, summarizes total Drying and Packaging Department costs for week 37, and assigns these costs to units completed and transferred out and to units in ending work in process using the weighted-average method. 2. Solution Exhibit 17-40C computes the equivalent units of work done in week 37 in the Drying and Packaging Department for transferred-in costs, direct materials, and conversion costs. Solution Exhibit 17-40D calculates the cost per equivalent unit of work done in week 37 in the Drying and Packaging Department for transferred-in costs, direct materials, and conversion
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Unformatted text preview: costs, summarizes total Drying and Packaging Department costs for week 37, and assigns these costs to units completed and transferred out and to units in ending work in process using the FIFO method. SOLUTION EXHIBIT 17-40A Steps 1 and 2: Summarize Output in Physical Units and Compute Output in Equivalent Units; Weighted-Average Method of Process Costing, Drying and Packaging Department of Frito-Lay Inc. for Week 37. (Step 1) (Step 2) Equivalent Units Flow of Production Physical Units Transferred-in Costs Direct Materials Conversion Costs Work in process, beginning (given) 1,250 Transferred in during current period (given) 5,000 To account for 6,250 Completed and transferred out during current period 5,250 5,250 5,250 5,250 Work in process, ending * (given) 1,000 1,000 100%; 1,000 0%; 1,000 40% 1,000 400 Accounted for 6,250 Work done to date 6,250 5,250 5,650 * Degree of completion in this department: transferred-in costs, 100%; direct materials, 0%; conversion costs, 40%....
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This note was uploaded on 11/15/2010 for the course BUSI BUS taught by Professor Gg during the Spring '10 term at CUNY Baruch.

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