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POA11e21

# POA11e21 - CHAPTER 21Solutions COSTING SYSTEMS PROCESS...

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Ch21 SE1 to SE3 COSTING SYSTEMS: PROCESS COSTING Chapter 21, SE 1. 1. Process costing system 2. Job order costing system 3. Process costing system 4. Process costing system Chapter 21, SE 2. 1. Process costing 2. Process costing 3. Job order costing 4. Job order costing 5. Process costing 6. Job order costing Chapter 21, SE 3. Each unit of Triogo contains \$18 of direct materials (\$3 of X, \$6 of Y, and \$9 of Z), \$2 of direct labor, and \$12 of overhead, for a total of \$32 per unit. The number of total units completed and transferred to Finished Goods Inventory is computed as follows: \$208,000 = 6,500 units \$32 CHAPTER 21 Solutions

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Ch21 SE4 to SE5 Chapter 21, SE 4. Blue Blaze FIFO Costing Method For the Month Ended July 31 Physical Units Beginning inventory 3,000 Equivalent Units Units started this period 17,000 Direct Materials Conversion Units to be accounted for 20,000 Costs Beginning inventory 3,000 0% 1,800 60% Units started and completed 14,500 14,500 100% 14,500 100% Ending inventory 2,500 2,500 100% 1,750 70% Units accounted for 20,000 17,000 18,050 Chapter 21, SE 5. Blue Blaze Total Cost per Equivalent Unit—FIFO Costing Method For the Month Ended July 31 Total Direct Materials Conversion Costs Costs Current Costs \$20,400 \$32,490 Equivalent Units 17,000 18,050 Cost per equivalent unit \$3.00 = \$1.20 + \$1.80
Ch21 SE6 Chapter 21, SE 6. Blue Blaze Assigning Costs—FIFO Costing Method For the Month Ended July 31 Total Direct Conversion Costs Materials Costs Costs of goods manufactured and transferred out: From beginning inventory \$10,145 Current costs to complete 3,240 = 0 ( 1,800 x \$1.80 ) Units started and completed this period 43,500 = ( 14,500 x \$1.20 ) + ( 14,500 x \$1.80 ) Cost of goods \$56,885 manufactured Ending inventory 6,150 = ( 2,500 x \$1.20 ) + ( 1,750 x \$1.80 ) Total costs \$63,035

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Ch21 SE7 Chapter 21, SE 7. Blue Blaze Average Costing Method For the Month Ended July 31 Physical Units Beginning inventory 3,000 Equivalent Units Units started this period 17,000 Direct Conversion Units to be accounted for 20,000 Materials Costs Units completed and transferred out 17,500 17,500 100% 17,500 100% Ending inventory 2,500 2,500 100% 1,750 70% Units accounted for 20,000 20,000 19,250
Ch21 SE8 to SE9 Chapter 21, SE 8. Blue Blaze For the Month Ended July 31 Total Direct Costs Materials Conversion Costs Total Costs ( \$20,400 + \$7,600 ) ( \$32,490 + \$2,545 ) Equivalent Units 20,000 19,250 Cost per equivalent unit \$3.22 = \$1.40 + \$1.82 Chapter 21, SE 9. Blue Blaze For the Month Ended July 31 Total Direct Costs Materials Conversion Costs \$56,350 = ( 17,500 x \$1.40 ) + ( 17,500 x \$1.82 ) Ending inventory 6,685 = ( 2,500 x \$1.40 ) + ( 1,750 x \$1.82 ) Total costs \$63,035 Total Cost per Equivalent Unit Average Costing Method Assigning Costs Average Costing Method Cost of goods manufactured and transferred out

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Ch21 SE10 Chapter 21, SE 10. Red Company Average Costing Method For the Month Ended July 31 Physical Units Beginning inventory 2,000 Equivalent Units Units started this period 13,000 Direct Conversion Units to be accounted for 15,000 Materials Costs Units completed and transferred out 14,500 14,500 100% 14,500 100% Ending inventory 500 500 100% 350 70% Units accounted for 15,000 15,000 14,850
Ch21 E1 to E3 Chapter 21, E 1.

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