Chap004 (dragged) 6 - $280,350 2. Cost remaining in March...

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McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. Managerial Accounting, 6/e 4-7 EXERCISE 4-23 (25 MINUTES) TUSCALOOSA PAPERBOARD COMPANY Weighted-Average Method D i r e c t Material Conversion Total Work in process, March 1. ....................... $ 10,900 $ 28,950 $ 39,850 Costs incurred during March . ................. 112,700 160,200 2 7 2 , 9 0 0 Total costs to account for. ....................... $123,600 $189,150 $ 3 1 2 , 7 5 0 Equivalent units. ....................................... 103,000 97,000 Costs per equivalent unit. ........................ $1.20 $1.95 $3.15 1. Cost of goods completed and t r a n s f e r r e d o u t d u r i n g M a
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Unformatted text preview: $280,350 2. Cost remaining in March 31 work in process: Direct material (14,000* u $1.20). $ 16,800 Conversion (8,000* u $1.95) . ....... 15,600 T o t a l . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 , 4 T o t a l c o s t s a c c o unted for. ................ $ 3 1 2 , 7 5 *Equivalent units in March 31 work in process: D i r e c t Material Conversion Total equivalent units (weighted average). ...................... 103,000 97,000 Units completed and transferred out. ............................... (89,000) ( 8 9 , ) Equivalent units in ending work in process . ................... 14,000 8,000...
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This note was uploaded on 03/28/2012 for the course ACC260 AAAJ0OKG00 taught by Professor Katrenataylor during the Spring '10 term at University of Phoenix.

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