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Cr_AC420-02_Unit5

# Cr_AC420-02_Unit5 - Exercise 6-44 Name Christina Fletcher...

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Exercise 6-44 Name: Christina Fletcher Insert your answers in the gray-shaded cells. If an answer is incorrect, an asterisk will appear. Pounds started 120,000 Maximum normal spoilage percentage 8% Maximum normal spoilage allowed 9,600 Units Material Conversion Beginning inventory 36,000 Pounds started 120,000 Pounds to account for 156,000 Beginning WIP inventory 36,000 - 19,800 90,000 90,000 90,000 Ending WIP inventory 21,600 21,600 3,240 Normal spoilage 8,400 - - Pounds accounted for (FIFO) 156,000 111,600 113,040 Total Material Conversion Beginning inventory cost \$24,800 Current costs 72,972 \$39,060 \$33,912 Total costs \$97,772 Divide by EUP 111,600 113,040 Cost per EUP \$0.65 \$0.35 \$0.30 Cost Assignment Transferred out: Beginning WIP inventory cost \$24,800 Conversion cost to complete ## 5,940 Total cost of beginning inventory \$30,740 58,500 \$89,240 Ending WIP inventory: Material \$7,560 Conversion 972 8,532 Total cost accounted for \$97,772

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Christina Fletcher Funtime Inc. makes small toys in a one-department production process. Plastic is added at the beginning of the process, all other materials are considered indirect.
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Cr_AC420-02_Unit5 - Exercise 6-44 Name Christina Fletcher...

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