P4.13A template - $360,000 $263,500 $623,500 Units...

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1 Equivalent units of production: Materials Conversion Transferred to next department  160,000 160,000 Ending work in process: Materials: 40,000 units x 100% complete  40,000 Conversion: 40,000 units x 25% complete  10,000 Equivalent units of production  200,000 170,000 2 Cost per Equivalent Unit Materials Conversion Cost of beginning work in process  25200 24800 Cost added during the period  334800 238700 Total cost (a)  $360,000  $263,500  Equivalent units of production (b)  200,000 170,000 Cost per equivalent unit, (a) ÷ (b)  $1.80  $1.55  3 Applying costs to units: Materials Conversion Total Ending work in process inventory: Equivalent units of production  200,000 170,000 Cost per equivalent unit  $1.80  $1.55  Cost of ending work in process inventory 
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Unformatted text preview: $360,000 $263,500 $623,500 Units completed and transferred out: Units transferred to the next department 160,000 160,000 Cost per equivalent unit $1.80 $1.55 Cost of units completed and transferred out $288,000 $248,000 $536,000 4 Cost reconciliation: Costs to be accounted for: Cost of beginning work in process inventory 1500 7200 Costs added to production during the period 154500 90800 Total cost to be accounted for $156,000 98000 Costs accounted for as follows: Cost of ending work in process inventory 360000 263500 Cost of units completed and transferred out 288000 248000 Total cost accounted for $648,000 511500...
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This note was uploaded on 12/17/2011 for the course ECON 101 taught by Professor Chapman during the Spring '11 term at Arcadia University.

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