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Matthew_McCoy_Problem 20-2A

# Matthew_McCoy_Problem 20-2A - MatthewMcCoy Problem202A...

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Matthew McCoy Problem 20-2A (a) (b) Direct  Direct  Equivalent Units of Production  Materials Labor Equivalent units completed and transferred out  735,000 EUP 735,000 EUP Equivalent units for ending goods in process    Direct materials (207,000 X 100%) 207,000    Direct labor (207,000 X 90%) 186,300 Equivalent units of production  942,000 EUP 921,300 EUP Direct  Direct  Cost Per Equivalent Units of Production  Materials Labor Cost of beginning goods in process inventory \$244,920  \$69,098  Costs incurred this period \$1,639,080  \$1,312,852  Total costs \$1,884,000  \$1,381,950   ÷ Equivalent units of production 942,000 EUP 921,300 EUP  = Cost per equivalent unit of production \$2.00 per EUP \$1.50 per EUP Cost of units completed and transferred out    Direct materials (735,000 EUP X \$2.00 per EUP) \$1,470,000     Direct labor (735,000 EUP X \$1.50 per EUP) \$1,102,500     Cost of units completed this period

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Matthew_McCoy_Problem 20-2A - MatthewMcCoy Problem202A...

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