8.29 - for 9,666 6,208 3,458 Cost per equivalent unit $...

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8.29 (30 min) Cost assignment to units transferred out, spoilage, and ending inventory (using costs from exercise 8.28), weighted-average Physical units Degree of Completion Equivalent Units Flow of units Materia ls Conversi on Materi als Conversi on Units to account for: Beginning WIP 15 0 Units started 1,00 0 Total units to account for 1,15 0 Units accounted for: Completed and transferred out 75 0 100% 100% 750 750 Spoilage 10 0 100% 100% 100 100 Ending WIP 30 0 40% 20% 120 60 Total units accounted for 1,15 0 970 910 Costs to account for Total Costs Materi als Conversi on Costs in beginning WIP $ 624 $ 488 $ 136 Current period costs 9,042 5,720 3,322 Total Costs to account
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Unformatted text preview: for 9,666 6,208 3,458 Cost per equivalent unit $ 10.20 $ 6.40 $ 3.80 Costs assigned Total Costs Materi als Conversi on Completed and transferred out $ 7,650 $ 4,800 a $ 2,850 b Spoilage 1,020 640 c 3 80 d Ending WIP 996 768 e 228 f Total costs assigned $ 9,666 $ 6,208 $ 3,458 a $4,800 = $6.40 x 750 E.U. b $2,850 = $3.80 x 750 E.U. c $640 = $6.40 x 100 E.U. d $380 = $3.80 x 100 E.U. e $768 = $6.40 x 120 E.U. f $228 = $3.80 x 60 E.U. Costs for units completed and transferred out total $7,650, spoilage costs total $1,020, and ending inventory costs total $996....
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This note was uploaded on 11/25/2010 for the course ACCT 33010 taught by Professor Staff during the Spring '08 term at Kent State.

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8.29 - for 9,666 6,208 3,458 Cost per equivalent unit $...

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