ACCT 329 TEAM P3-3A - a 1 Physical Units Plant A Units to...

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Unformatted text preview: a 1 Physical Units Plant A Units to be Accounted For Work in Process, June 1 Started Into Production Total Units Units Accounted For Transferred Out Work in Process, June 30 Total Units 2 Equivalent Units Plant A Material Conversion 18,000 18,000 2,000 20,000 1,400 19,400 20,000 20,000 Plant B 20,000 20,000 b Stein Corporation Plant A Production Cost Report For the Month Ended June 30, 2 18,000 2,000 20,000 17,000 3,000 20,000 Quantities Units to be Accounted For Work in Process, June 1 Started Into Production Total Units Units Accounted For Transferred Out Work in Process, June 30 Total Units Costs Unit Costs Costs in June Equivalent Units Unit Costs Cost to be Accounted For Work in Process, June Started Into Production Total Costs Cost Reconciliation Schedule Costs Accounted For Transferred Out Work in Process Materials Conversion Transferred Out Work in Process, June 30 2,000 x 100% 2,000 x 70% Total Equivalent Units Transferred Out Work in Process, June 30 3,000 x 100% 3,000 x 50% Total Equivalent Units 3 Unit Costs Plant B Material Conversion 17,000 17,000 3,000 20,000 1,500 18,500 Plant A Materials $840,000 $700,000 Conversion $620,800 $555,000 Total / 20,000 / 20,000 / 19,400 / 18,500 $42.00 Plant B $35.00 32.00 $74.00 30.00 $65.00 4 Plant A Cost Accounted For Transferred Out Work in Process Materials $1,332,000 $84,000 Conversion Total Cost Plant B Cost Accounted For Transferred Out Work in Process Materials Conversion Total Cost 44,800 128,800 $1,460,800 $1,105,000 $105,000 45,000 150,000 $1,255,000 Stein Corporation Production Cost Report For the Month Ended June 30, 2005 Physical Units 20,000 20,000 Quantities Units to be Accounted For Work in Process, June 1 Started Into Production Total Units Units Accounted For Transferred Out Work in Process, June 30 Total Units Materials Conversion 18,000 2,000 20,000 Materials 18,000 2,000 20,000 Conversion $620,800 19,400 $32 18,000 1,400 19,400 Total $1,460,800 $74 Unit Costs Costs in June Equivalent Units Unit Costs Cost to be Accounted For Work in Process, June Started Into Production Total Costs Cost Reconciliation Schedule Costs Accounted For Transferred Out Work in Process Materials Conversion Total Costs $840,000 20,000 $42 $1,460,800 $1,460,800 $1,332,000 $84,000 44,800 128,800 $1,460,800 ...
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