Cost.Ch.17-1 - Saikat Mitra Cost Accounting Ch. 17 H.W....

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Saikat Mitra Cost Accounting Ch. 17 H.W. P17-30 Physical Direct Conversion Units Materials Costs Work In Process, Oct 1 5,000 $1,250,000 $402,750 Started During Oct 2012 20,000 Completed During Oct 2012 22,500 Work In Process Oct 31 2,500 Total Costs Added During $4,500,000 $2,337,500 October 2012 1. Physical Units DM Conv. Costs Flow of Production WIP, Beginning 5,000 Started During Current 20,000 Period To Account For 25,000 Completed and Transf. Out During Current Per. 22,500 22,500 WIP, Ending 2,500 (2,500*100%; 2,500*60%) 2,500 1,500 Accounted for Equivalent Units of Work Done 2,500 25,000 24,000 In Current Period 5,000 2. Total Production Direct Conversion Cost Materials Cost Costs Added During October $6,837,500 $4,500,000 $2,377,500 Total Cost to Account For $6,837,500 $4,500,000 $2,337,500 Cost Added in Current Period $6,837,500 $4,500,000 $2,337,500 Divide by Equiv. Units of work ÷ 25,000 ÷ 24,000
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Cost Per Equiv. Unit $180 $97.40 3. Total Production Direct Conversion Cost Materials
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This note was uploaded on 12/12/2011 for the course ACCT 131 taught by Professor N/a during the Spring '11 term at Butler Community College.

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Cost.Ch.17-1 - Saikat Mitra Cost Accounting Ch. 17 H.W....

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