Chichester_AC420_unit5_Project

Chichester_AC420_unit5_Project - AC 420 Unit 5 Chapter 6 Ex...

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AC 420 Unit 5 Chapter 6 Ex 6-44 check figures: Normal spoilage (Loss) 8,400 Pounds accounted for (EUP) material = 111,600 conversion = 113,040 Cost Assignment: Cost per EUP (conv.) = $.30 Conversion cost to complete (19,800 × $0.30) $5,940 $58,500.00 Hints: 1 Beg. WIP inventory to be completed this period: Material = 0% Conv = 55% 2 Started and completed pounds accounted for = transferred to FG - beg. inventory. 3 Pounds to account for = 156,000. Pounds accounted for = 156,000. + Beg. WIP + + End WIP + Normal spoilage Pounds accounted for 4 Cost per EUP total material conv 0.65 0.35 0.3 5 Total cost to account for 97,772
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Exercise 6-44 Name: Terri Chichester Insert your answers in the gray-shaded cells. If an answer is incorrect, an asterisk will appear. Pounds started 120,000 Maximum normal spoilage percentage 8% Maximum normal spoilage allowed 9,600 Units Material Conversion Beginning inventory 36,000 Pounds started 120,000 Pounds to account for
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Chichester_AC420_unit5_Project - AC 420 Unit 5 Chapter 6 Ex...

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