Chapter 4 EFILE

Chapter 4 EFILE - Chapter 04 System Design Process Costing...

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Chapter 04 - System Design: Process Costing Chapter 4 System Design: Process Costing Exercise 4-7  (10 minutes) Weighted-Average Method 1. Tons of Pulp Work in process, June 1. ............................................. 20,000 Started into production during the month. ................... 190,000 Total tons in process. .................................................. 210,000 Deduct work in process, June 30. ...............................   30,000     Completed and transferred out during the month. ....... 180,000 2. Equivalent Units (EU) Materials Labor and  Overhead Units transferred out. ................................... 180,000 180,000 Work in process, ending: Materials: 30,000 tons × 60% complete. .. 18,000 Labor and overhead:  30,000 tons × 40% complete. ................                       12,000 Equivalent units of production. .................... 198,000 192,000 4-1
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Exercise 4-8  (15 minutes) Weighted-Average Method 1. Materials Labor Overhead Units transferred to the next  department. ........................................ 42,000 42,000 42,000 Work in process, ending: Materials:  8,000 units × 75% complete. ........... 6,000 Labor and overhead: 8,000 units × 50% complete. ...........                     4,000       4,000     Equivalent units of production. .............. 48,000 46,000 46,000 2. Materials Labor Overhead Cost of beginning work in process. ... $ 4,320 $ 1,040 $ 1,790 Cost added during the period. ...........   52,800       21,500       32,250     Total cost (a). .................................... $57,120 $22,540 $34,040 Equivalent units of production (b). ..... 48,000 46,000 46,000 Cost per equivalent unit (a) ÷ (b). ...... $1.19 $0.49 $0.74 4-2
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Chapter 04 - System Design: Process Costing Exercise 4-9  (30 minutes) Weighted-Average Method 1. Material s Conversio n Units transferred to the next production  department. .................................................... 175,000 175,000 Ending work in process: Materials: 10,000 units × 100% complete. ..... 10,000 Conversion: 10,000 units × 30% complete. ...                             3,000     Equivalent units of production. ......................... 185,000 178,000 2. Material s Conversio n Cost of beginning work in process. .................. $ 1,500 $   4,000 Cost added during the period. ..........................   54,000       352,000     Total cost (a). ................................................... $55,500 $356,000 Equivalent units of production (b). .................... 185,000 178,000 Cost per equivalent unit (a) ÷ (b). ..................... $0.30 $2.00 3. Materials
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Chapter 4 EFILE - Chapter 04 System Design Process Costing...

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