Chapter 17 - Instructor Homework - Solutions

Chapter 17 - Instructor Homework - Solutions - Equivalent...

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Equivalent Units, Weighted Average Method Physical Equivalent Units Materials Beginning WIP 800 Started during current period 2,400 To account for 3,200 Units completed and transferred 2,700 2,700 Mat'l Conv Ending WIP 100% 80% 500 500 Accounted for 3,200 Equivalent Units of Production 3,200 Costs to Account For and Cost per Equivalent Un Materials Beginning WIP $460,000.00 Costs added during the period $1,400,000.00 Tota costs to account for $1,860,000.00 Costs incurred $1,860,000.00 Equivalent Units of Production (EU's) 3,200 Cost per Equivalent Unit $581.25 Assignment of Costs to Ending WIP and Units Transferred Out - Weigh Materials Assigment of costs: Completed and Transferred Out 2,700 2,700 Cost per Equivalent Unit $581.25 Cost of Units Transferred Out $1,569,375.00 Ending WIP: Equivalent Units of Production (EU's) 500 500 Cost per Equivalent Unit $581.25 Cost of Ending WIP $290,625.00 Total costs accounted for 3,200 $1,860,000.00
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t Units Conversion 2,700 = 3,200 - 500 400 3,100 nit Conversion Total $440,000.00 $900,000.00 $2,350,000.00 $3,750,000.00
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This note was uploaded on 11/19/2010 for the course ACCOUNTING Cost taught by Professor B during the Spring '10 term at Oakton.

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Chapter 17 - Instructor Homework - Solutions - Equivalent...

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