# sol17 - CHAPTER 17 PROCESS COSTING 17-19(15 min...

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CHAPTER 17 PROCESS COSTING 17-19 (15 min.) Weighted-average method, equivalent units. Under the weighted-average method, equivalent units are calculated as the equivalent units of work done to date. Solution Exhibit 17-19 shows equivalent units of work done to date for the Assembly Division of Fenton Watches, Inc., for direct materials and conversion costs. SOLUTION EXHIBIT 17-19 Steps 1 and 2: Summarize Output in Physical Units and Compute Output in Equivalent Units; Weighted-Average Method of Process Costing, Assembly Division of Fenton Watches, Inc., for May 2012. (Step 2) (Step 1) Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Work in process beginning (given) 80 Started during current period (given) 50 0 To account for 58 0 Completed and transferred out during current period 460 460 460 Work in process, ending* (120 × 60%; 120 × 30%) 12 0 72 36 Accounted for 58 0 ___ ___ Equivalent units of work done to date 532 496 * Degree of completion in this department: direct materials, 60%; conversion costs, 30%. 17-20 (20 min.) Weighted-average method, assigning costs (continuation of 17-19). Solution Exhibit 17-20 summarizes total costs to account for, calculates cost per equivalent unit of work done to date in the Assembly Division of Fenton Watches, Inc., and assigns costs to units completed and to units in ending work-in-process inventory. SOLUTION EXHIBIT 17-20

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## This note was uploaded on 09/13/2011 for the course ACCT 305 taught by Professor Franz during the Spring '07 term at S.F. State.

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sol17 - CHAPTER 17 PROCESS COSTING 17-19(15 min...

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