P3-3A - P3-3A a(1 Physical Units R12 Refrigerators F24...

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

View Full Document Right Arrow Icon

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

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: P3-3A a) (1) Physical Units R12 Refrigerators F24 Freezers Units to be accounted for Work in process, June 1 Started into production Total Units 0 20,000 20,000 0 20,000 20,000 Units accounted for Transferred out Work in process, June 30 Total Units 18,000 2,000 20,000 17,000 3,000 20,000 (2) Equivalent Units R12 Refrigerators Units transferred out Work in process, June 30 Total Equivalent units Materials 18,000 2,000 20,000 Conversion costs 18,000 1,400 20,000 F24 Freezers Units transferred out Work in process, June 30 Total equivalent units Materials 17,000 3,000 20,000 Conversion Cost 17,000 1,500 18,500 (3) Unit costs Materials Conversion Costs Total Plant A R12 Refrigerators 42 32 $74 Plant B F24 Freezers 35 30 $65 (4) Cost accounted for Transferred out Work in process Materials Conversions costs Total costs Plant A R12 Refrigerators 1,332,000 84,000 44,800 128,800 1,460,800 Plant B F24 Freezers Cost accounted for Transferred out Work in process Materials Conversions costs Total costs 1,105,000 105,000 45,000 150,000 1,255,000 b) Quantities STEIN CORPORATION Stamping Department—Plant A Production Cost Report For the Month Ended June 30, 2005 Physical units Units to be accounted for Work in process, 6/1 Started into production Total Units 0 20,000 20,000 Units accounted for Transferred out Work in process Total Units 18,000 2,000 20,000 Costs Materials Unit cots Costs in June Equivalent Units Unit Costs 840,000 20,000 $ 42 Equivalent Units Materials Conversion cots 18,000 2,000 20,000 Conversion costs 620,800 19,400 $ 32 Costs to be accounted for Work in process, June 1 Started into production Total costs 18,000 1,400 20,000 Total 1,460,800 $74 0 1,460,800 1,460,800 Cost Reconciliation Schedule Costs accounted for Transferred out Work In process, June 30 Materials Conversion costs Total costs 1,332,000 84,000 44,000 128,800 1,460,800 ...
View Full Document

This note was uploaded on 03/01/2012 for the course ACC all taught by Professor All during the Spring '12 term at University of Phoenix.

Page1 / 3

P3-3A - P3-3A a(1 Physical Units R12 Refrigerators F24...

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