8.43 - 27,225 26,700 Costs to be accounted for Costs Costs...

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8.43 (45 min) Production cost report (with spoilage), weighted- average a. Note: Rounding is due to rounding the cost per equivalent unit calculation. Flow of Units Physical units Degree of Completion Equivalent Units Units to be accounted for Materia ls Conversi on Materi als Conversi on Beginning WIP 13,0 00 70% 60% Units Started 17,000 Total units to account for 30,000 Units accounted for Completed and transferred 22,5 00 100% 100% 22,500 22,500 Spoilage 1,500 75% 60% 1,125 900 Ending WIP 6,000 60% 55% 3,600 3,300 Total units accounted for 30,000
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Unformatted text preview: 27,225 26,700 Costs to be accounted for Costs Costs in beginning WIP $ 18,500 $ 6,500 $ 12,000 Current period costs 31,800 16,000 15,800 Total Costs to account for $ 50,300 $ 22,500 27,800 Cost per equivalent unit $ 0.8264 $ 1.0412 Costs accounted for Completed and Transferred out $ 42,021 $ 18,594 23,427 Spoilage 1,868 931 937 Ending WIP 6,411 2,97 5 3,436 Total costs accounted for $ 50,300 $ 22,500 $ 27,800 b. WIP BB 18,500 TI 31,800 TO 42,021 Spoilage 1,868 EB 6,411...
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