4_23 - Direct material $43,000 Conversion 12,200 Total...

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DATA INPUT Savannah Textiles Company Equivalent units of direct material (weighted-a 60,000 Equivalent units of conversion (weighted-ave 52,000 Units completed and transferred out during S 50,000 Work in process, September 1 Direct material $94,000 Conversion 44,400 Costs incurred during September Direct material $164,000 Conversion 272,800 Units in process on September 1 20,000 Complete as to conversion 8,000 SOLUTION Weighted-Average Method Direct Material Conversion Total Work in process, September 1 $94,000 $44,400 $138,400 Costs incurred during September 164,000 272,800 436,800 Total costs to account for $258,000 $317,200 $575,200 Equivalent units 60,000 52,000 Costs per equivalent unit $4.30 $6.10 $10.40 Direct Material Conversion Total equivalent units (weighted average) 60,000 52,000 Units completed and transferred out 50,000 50,000 Equivalent units in ending work in process 10,000 2,000 1. Cost of goods completed and transferred out during September: $520,000 2. Cost remaining in September 31 work in process:
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Unformatted text preview: Direct material $43,000 Conversion 12,200 Total 55,200 Total costs accounted for $575,200 Reheaing Furnance Rough and Final Mill Unit Information: Beginning Work in Process: Reheating 10,000 Rough and Final Mill 15,000 Started into Production 70,000 N/A Transferred In N/A ? Ending Work in Process: (Mixing 100% material, 50% conversion) 20,000 (Packaging 100% material, 40% conversion) 5,000 Mixing Packaging Cost information: Beginning Work in Process: Direct materials $18,000 $10,500 Transferred in N/A $92,250 Conversion $31,200 $13,500 Costs Added Currently: Direct materials $142,000 $49,500 Transferred in N/A ? Conversion $248,800 $83,700 Mixing Packaging Cost information: Beginning Work in Process: Direct materials $18,000 $10,500 Transferred in N/A $92,250 Conversion $31,200 $13,500 Costs Added Currently: Direct materials $142,000 $49,500 Transferred in N/A Conversion $248,800 $83,700...
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4_23 - Direct material $43,000 Conversion 12,200 Total...

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