This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: FileName: 86c1618a831f3bf949b93e0d76d96360924ce031.xls, Tab: Problem P3-5B, Page 1 of 2, 12/28/2011, 19:01:58 Name: Date: Instructor: Course: Production Data - Basketballs Units Percentage Complete Work in process units, July 1 500 60% Units started into production 1,600 Work in process units, July 31 600 40% Cost Data - Basketballs Work in process, July 1 Materials $540 Conversion costs 500 $1,040 Direct materials 2,400 Direct labor 1,600 Manufacturing overhead 1,380 Instructions: Equivalent Units Materials Units to be accounted for Title Amount Title Amount Total units Formula Units accounted for Title Amount Amount Amount Title Amount Amount Amount Total units Formula Formula Formula Materials cost Conversion costs Title Amount Title Amount Title Amount Title Amount Total Formula Total Formula Equivalent units Amount Equivalent units Amount Cost per unit Formula Cost per unit Formula Costs accounted for Title Amount Title Title Amount Title Amount Formula Total costs Formula CLEMENTE COMPANY Basketball Department Production Cost Report For the Month Ended July 31, 2005 Equivalent Units Quantities Materials (Step 1) (Step 2) Units to be accounted for...
View Full Document
- Winter '07
- Managerial Accounting, Conversion of units