Chapter 4 Selected Problems - Exercise47(30minutes)...

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 (30 minutes) Weighted-Average Method 1. Equivalent units of production Pulping Conversio n Transferred to next department. ......................... 146,000 146,000 Ending work in process: Pulping: 6,000 units x 100% complete. ............       6,000     Conversion: 6,000 units x 75% complete. ........       4,500     Equivalent units of production. ........................... 152,000     150,500 2. Cost per equivalent unit Pulping Conversio n Cost of beginning work in process. ................. $  1,500 $     400 Cost added during the period. ........................   59,300     22,100 Total cost (a). .................................................. $60,800 $22,500 Equivalent units of production (b). .................. 152,000 150,500 Cost per equivalent unit, (a) ÷ (b). .................. $0.40 $0.1495 3. Cost of ending work in process inventory and units  transferred out Pulping Conversio n Total Ending work in process inventory: Equivalent units of production. .. 6,000 4,500 Cost per equivalent unit. ........... $0.40 $0.1495 Cost of ending work in process  inventory. ................................ $2,400 $673 $3,073 Units  completed  and  transferred  out: Units transferred to the next  department. ............................. 146,000 146,000 Cost per equivalent unit. ........... $0.40
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This note was uploaded on 11/20/2011 for the course ACCOUNTING 2302 taught by Professor Adams during the Spring '11 term at University of Houston.

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Chapter 4 Selected Problems - Exercise47(30minutes)...

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