Homework _ C4, 5, 6 - E 4.2 W-I-P(Unit dm $30,000.00...

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EU = Equivalent Unit W-I-P (Unit) dm W-I-P (U) (dl + moh) EU = # Unit finished + # partially completed units * Percentage completion $30,000.00 $30,000.00 EUdm $202,000.00 $175,000.00 $190,000.00 $175,000.00 $190,000.00 EUcc $196,000.00 $15,000.00 $15,000.00 -> 80% dm -> 40%cc E 4.3 Equivalent unit of production for Direct Material 35,000 Direct Labot 33,000 Overhead 33,000 1&2) WIP ($) dm WIP ($) dl WIP ($) moh EUdm $7.34 $18,000.00 $5,500.00 $27,500.00 EUdl $2.60 $238,900.00 $80,300.00 $401,500.00 EUmoh $13.00 EU $22.94 E 4.4 WIP ($) dm WIP ($) dl F/G $306,306.00 $92,587.00 CGM $367,629.00 -- Cost of the units transferred to the next department $278,586.00 $89,043.00 $27,720.00 $3,544.00 EI $31,264.00 -- Cost of ending work in process inventory P 4-14 1) Equivalent Units of Production = # units finished + (# units in end inventory * % complete) Materials # units finished = beginning + purchases - ending inventory EUdm = 95,000 + 9,000 = 104,000 Conversion Costs (dl + moh) EUcc = 95,000 + 3,000 = 98,000 2) Cost per Equivalent Units = (Beg Inv $ + $ added)/EU Materials $/EU, dr = $1.50 Conversions Costs $/EU, cc = $1.00 3) To finished goods DM 95,000 ' $1.50 = $142,500.00 CC 95,000 ' $1.00 $95,000.00 Total $237,500.00 In End/WIP Inventory DM 9,000 ' $1.50 = $13,500.00 CC 3,000 $1.00 = $3,000.00 Total $16,500.00 4) Total costs to be accounted for are: $254,000.00 To finished goods $(237,500.00) End/WIP Inventory $16,500.00 Builder Products, Inc Cost Reconciliation Costs to be accounted for: Cost of beginning WIP Inventory $8,700.00 Cost added to production during the period $245,300.00 Total cost to be accounted for $254,000.00 Cost accounted for as follows: Cost of ending WIP Inventory $16,500.00 Cost of units transferred out $237,500.00 Total cost accounted for $254,000.00
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This note was uploaded on 03/27/2012 for the course ACCT 2302 taught by Professor Shall during the Spring '08 term at Texas A&M University, Corpus Christi.

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Homework _ C4, 5, 6 - E 4.2 W-I-P(Unit dm $30,000.00...

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