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DB Week 2, Schultz

# DB Week 2, Schultz - 40,000 Units started in June 500,000...

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03/20/2011 BUS5431 Managerial Accounting Week 2 Homework Chapter 3 Exercise 13 a. Material: Cost in beginning work in process \$ 25,000 Cost incurred during the period 421,970 Total \$446,970 Conversion costs: Cost in beginning work in process \$ 13,000 Cost incurred during the period 394,880 Total \$407,880 Equivalent units in ending work in process: Material (4,000 units × .9) 3,600 Conversion costs (4,000 × .5) 2,000 Cost per equivalent unit for material: \$446,970 ÷ (44,000 + 3,600) \$9.39 Cost per equivalent unit for conversion costs: \$407,880 ÷ (44,000 + 2,000) 8.87 Total cost per equivalent units \$18.26 b. Cost of items completed in November: 45,000 units × \$18.26 \$821,700 c. Cost of ending work in process: Material cost (3,600 × \$9.39) \$ 33,804 Conversion cost (2,000 × \$8.87) 17,740 Total cost of ending work in process \$51,544 Exercise 14 Units in beginning work in process

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Unformatted text preview: 40,000 Units started in June 500,000 Units to account for 540,000 cans Units completed 510,000 Units in ending work in process 30,000 Total units accounted for 480,000 Problem 11 Unit Reconciliation Units in beg. WIP (80% material, 55% conversion costs) 7,000 Units started during 97,000 Units to account for 104,000 Units completed 91,000 Units in ending WIP (65% material, 20% conversion costs) 13,000 Units accounted for 104,000 Cost per Equivalent Unit Calculation Material Conversion Total Cost Beginning WIP \$ 6,900 \$ 8,000 \$ 14,900 Cost incurred during May 106,473 143,632 119,120 Total \$113,373 \$151,632 \$265,005 Units Units completed 91,000 91,000 Equivalent units, ending WIP 8,450 2,600 Total 99,450 93,600 Cost per equivalent unit \$1.14 \$1.62 \$2.76...
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