Chap004 (dragged) 19 - PROBLEM 4-30 (40 MINUTES) 1....

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Unformatted text preview: PROBLEM 4-30 (40 MINUTES) 1. Equivalent units: Physical Units Work in process, August 1............ 40,000 Units started during August.......... 80,000 Total units to account for .............. 120,000 Units completed and transferred out during August...................... Work in process, August 31.......... Total units accounted for .............. Total equivalent units .................... 2. 100,000 20,000 120,000 Percentage of Completion with Respect to Conversion 80% 100% 30% Equivalent Units Direct Material Conversion 100,000 20,000 ______ 120,000 100,000 6,000 ______ 106,000 Costs per equivalent unit: Total costs to account for Equivalent units Direct Material $138,000 120,000 Conversion $1,089,680 106,000 $1.15 $10.28 Costs per equivalent unit Total $11.43* *$11.43 = $1.15 + $10.28 3. Cost of goods completed and transferred out during August: number of units total cost per transferred out equivalent unit McGraw-Hill/Irwin 4-20 ..................... 100,000 $11.43 $1,143,000 2005 The McGraw-Hill Companies, Inc. Solutions Manual ...
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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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