Problems to Ponder Answers v2

Problems to Ponder Answers v2 - 100% 1,750 70% Units...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Ch18 SE2 to SE3 COSTING SYSTEMS: PROCESS COSTING Chapter 18, SE 2. 1. Process costing 2. Process costing 3. Job order costing 4. Job order costing 5. Process costing 6. Job order costing Chapter 18, SE 3. Each unit of Triogo contains $18 of direct materials ($3 of X, $6 of Y, and $9 of Z), $2 of direct labor, and $12 of overhead, for a total of $32 per unit. The number of total units completed and transferred to Finished Goods Inventory is computed as follows: $208,000 = 6,500 units $32 CHAPTER 18 Solutions
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Ch18 SE4 to SE5 Chapter 18, SE 4. Blue Blaze FIFO Costing Method For the Month Ended July 31 Physical Units Beginning inventory 3,000 Equivalent Units Units started this period 17,000 Direct Materials Conversion Units to be accounted for 20,000 Costs Beginning inventory 3,000 0% 1,800 60% Units started and completed 14,500 14,500 100% 14,500 100% Ending inventory 2,500 2,500
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 100% 1,750 70% Units accounted for 20,000 17,000 18,050 Chapter 18, SE 5. Blue Blaze Total Cost per Equivalent UnitFIFO Costing Method For the Month Ended July 31 Total Direct Materials Conversion Costs Costs Current Costs $7,600 $2,545 Equivalent Units 17,000 18,050 Cost per equivalent unit $0.59 = $0.45 + $0.14 Ch18 SE6 Chapter 18, SE 6. Blue Blaze Assigning CostsFIFO Costing Method For the Month Ended July 31 Total Direct Conversion Costs Materials Costs Costs of goods manufactured and transferred out: From beginning inventory $52,890 Current costs to complete 252 = 0 ( 1,800 x $0.14 ) Units started and completed this period 8,555 = ( 14,500 x $0.45 ) + ( 14,500 x $0.14 ) Cost of goods $61,697 manufactured Ending inventory 1,370 = ( 2,500 x $0.45 ) + ( 1,750 x $0.14 ) Total costs $63,067...
View Full Document

Page1 / 3

Problems to Ponder Answers v2 - 100% 1,750 70% Units...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online