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Unformatted text preview: Total Units into Production 11,000 EQUIVALENT UNITS CALCULATIONS: CONVERSION DIRECT MATERIALS DIRECT LABOR FACTORY OVERHEAD To Finished Goods 8,000 8,000 8,000 8,000 Ending Work in Process 3,000 1,800 1,500 1,500 Total Units Reconciled 11,000 9,800 9,500 9,500 The above beginning work in process inventory had an assigned cost of $3,000,000, divided between direct materials (30%), direct labor (20%), and factory overhead (50%). Additional costs incurred during July were $9,500,000, divided between direct materials (15%), direct labor (25%), and factory overhead (60%). Prepare a schedule showing the calculation of cost per equivalent unit. Ending WIP Completion Status: Materials = 60% Conversion = 50%...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11