AC420-01_Unit_5_Project_HallHawkins

AC420-01_Unit_5_Project_HallHawkins - $30,740 Started...

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Exercise 6-44 Name: Stephanie HallHawkins 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
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Unformatted text preview: $30,740 Started & completed 58,500 $89,240 Ending WIP inventory: Material $7,560 Conversion 972 8,532 Total cost accounted for $97,772 a. DM DL OH Stephanie HallHawkins BI WIP 15000 15000 15000 S&C 594600 594600 594600 EI WIP 25400 8890 15240 WA EUP 635000 618490 624840 b. DM DL OH BI WIP 6000 3750 S&C 594600 594600 594600 EI WIP 25400 8890 15240 FIFO EUP 620000 609490 613590 DM CoM CoL CoOH a. BI WIP 200000 $1,200,000.00 $1,728,000.00 $1,036,800.00 S&C 700000 $5,460,000.00 $7,539,000.00 $4,523,400.00 EI WIP 300000 $2,340,000.00 $3,693,000.00 $2,215,800.00 WA EUP 1200000 $9,000,000.00 $12,960,000.00 $7,776,000.00 b. UPC $7.50 $10.80 $6.48 c. CoGTO $9,000,000.00 $12,960,000.00 $7,776,000.00 $29,736,000.00 Stephanie HallHawkins...
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This note was uploaded on 08/06/2011 for the course ACCT 420 taught by Professor Hinton during the Spring '11 term at Kaplan University.

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AC420-01_Unit_5_Project_HallHawkins - $30,740 Started...

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