CH 6 WA - DM (20 U*20%*$1.5) DL (20 U*10%*$2.00) Current...

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ACCT 3337 Weighted Average Process Costing Fact situation BI 10 DM $10 Started 70 60 Completed BI: DL $8 EI 20 MOH $6 DM $86 Added : DL $116 MOH $180 $406 $406 Direct materials Direct Labor Mfg. OH 60 60 60 4 2 2 64 62 62 EUPs for DM EUPs for DL EUPs for Mfg. OH Direct materials Direct Labor Mfg. OH Total Cost in BI $10 $8 $6 $24 Cost in units started $86 $116 $180 $382 Total cost $96 $124 $186 $406 EUPs 64 62 62 Cost per EUP =(Total cost/EUPs) $1.50 $2.00 $3.00 $6.50 $390.00 Units in EWIP % completion Cost per EUPs Cost in EWIP 20 20% $1.50 $6.00 20 10% $2.00 $4.00 20 10% $3.00 $6.00 Total Cost in EWIP Inventory $16.00 MOH (20U*10%*$3.00) Ending WIP Inventory Summary of Costs allocated to COGM and Ending WIP Inventory $406 Units completed (60 units 100% complete) Equivalent Units to which cost ($) attach EWIP (20 units partially complete, 20% DM, 10% DL and MOH) The equivalent units will be divided into $ of Cost Cost of Goods Manufactured (60 units*$6.50)=
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Unformatted text preview: DM (20 U*20%*$1.5) DL (20 U*10%*$2.00) Current costs added this period ($382) Total to account for= cost in BI +current costs Therefore Total Cost of Goods Manufactured and Ending WIP MUST = To cost these using the Weighted Average technique, you must calculate the Weighted Average Equivalent Units WIP (in Units) WIP (in dollars) Calculation of Costs of Goods Manufactured (COGM), Ending inventory (EI), and Cost per Unit Using Weighted Average This information must always be given to you (in some form) 50% Complete for Direct Materials; 40% Complete for Labor and Mfg OH 20% Complete for Direct Materials; 10% Complete for Labor and Mfg OH Beginning Inventory Ending Inventory Total of $24...
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This note was uploaded on 11/09/2011 for the course ACCT 3337 taught by Professor Staff during the Fall '08 term at University of Houston.

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