Homework _ C4, 5, 6

# 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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