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

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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 
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern