Chap004(dragged 22 - PROBLEM 4-31(CONTINUED c Cost of goods completed and transferred out during June number of units transferred out total cost

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Unformatted text preview: PROBLEM 4-31 (CONTINUED) c. Cost of goods completed and transferred out during June: number of units transferred out total cost per equivalent unit $54.50 $2,180,000 $5.45 $130,800 .............................. 18,000 $49.05 882,900 40,000 Cost remaining in June 30 work-in-process inventory: Direct material: number of equivalent units of direct material cost per equivalent unit of direct material 24,000 Conversion: number of equivalent units of conversion cost per equivalent unit of conversion Total cost of June 30 work in process ................................................... Check: Cost of goods completed and transferred out ............................ Cost of June 30 work-in-process inventory ............................... Total costs accounted for.............................................................. 2. $1,013,700 $2,180,000 1,013,700 $3,193,700 Journal entry: Finished-Goods Inventory ............................................. Work-in-Process Inventory .................................. McGraw-Hill/Irwin Managerial Accounting, 6/e 2,180,000 2,180,000 2005 The McGraw-Hill Companies, Inc. 4-23 ...
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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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