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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This note was uploaded on 09/24/2011 for the course ACCT 212 taught by Professor Sheik during the Spring '11 term at Mountain State.

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Matthew_McCoy_Problem 20-2A - MatthewMcCoy Problem202A

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