Lesson #2, Assignment #4

# Lesson #2, Assignment #4 - 30,000 Cost per equivalent unit...

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Student Name: Class: Problem 4-25 BRADY PRODUCTS Cracking Department Production Report Weighted Average Method 1. Equivalent Units of Production Materials Conversion Pounds accounted for as follows: Transferred to Blending 270,000 270,000 Work in process, May 31 45,000 30,000 Total pounds accounted for 315,000 300,000 Correct! Correct! 2. Costs per Equivalent Unit Materials Conversion Work in process, May 1 \$43,400 \$20,300 Cost added during the month 397,600 189,700 Total cost \$441,000 \$210,000 Equivilant units of production 315,000 300,000 Cost per equivalent unit \$1.40 \$0.70 Correct! Correct! 3. Cost of Ending Work in Process Inventory and Units Transferred Out Materials Conversion Total Ending work in process inventory: Equivalent units of production 45,000

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Unformatted text preview: 30,000 Cost per equivalent unit \$1.40 \$0.70 Cost of ending work in process inventory \$63,000 \$21,000 \$84,000 Units completed and transferred out: Correct! Cost of units started and completed this period: Units transferred to the next department 270,000 270,000 Cost per equivalent unit \$1.40 \$0.70 Cost of units completed and transferred out \$378,000 \$189,000 \$567,000 Correct! Given Data P04-25: BRADY PRODUCTS Inventory, May 1 63,700 Pounds 35,000 Conversion completion 4/5 May costs added: Raw materials 397,600 Pounds 280,000 Conversion costs 189,700 Work in process inventory: Materials cost \$43,400 Conversion cost \$20,300 Check figures: Materials per equivalent unit \$1.40 Ending work in process 84,000...
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Lesson #2, Assignment #4 - 30,000 Cost per equivalent unit...

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