Chap004 (dragged) 25 - ......................... 1,556,250...

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McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. 4 - 26 Solutions Manual PROBLEM 4-33 (50 MINUTES) The missing amounts are shown below. A completed production report follows. Work in process, October 1 (in units). ................................................................... 10,000 Units completed and transferred out during October . ........................................ 75,000 Total equivalent units: conversion . ....................................................................... 78,500 Work in process, October 1: conversion . ............................................................. $ 30,225 Costs incurred during October: direct material . .................................................. 6 0 0 , 0 0 0 Cost per equivalent unit: conversion . ................................................................... 11.85 Cost of goods completed and transferred out during October.
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Unformatted text preview: ......................... 1,556,250 Cost remaining in ending work-in-process inventory: direct material . ............. 44,500 PRODUCTION REPORT: FANTASIA FLOUR MILLING COMPANY Weighted-Average Method Percentage of Completion with Equivalent Units Physical Respect to Direct U n i t s Conversion Material Conversion Work in process, October 1. ......... 10,000 15% Units started during October. ....... 70,000 Total units to account for . ............ 80,000 Units completed and transferred o u t d u r i n g O c t o b e r . . . . . . . . . . . . . 7 5 , 100% 75,000 75,000 Work in process, October 31. ....... 5,000 70% 5,000 3,500 Total units accounted for. ............. 80,000 _____ _____ Total equivalent units. ................... 80,000 7 8 , 5...
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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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