Chap004 (dragged) 31 - 1,320,000 Cost remaining in ending...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. 4 - 32 Solutions Manual PROBLEM 4-36 (50 MINUTES) The missing amounts are shown below. A completed production report follows. Units started during January. ................................................................................. 55,000 Units completed and transferred out during January . ........................................ 60,000 Total equivalent units: conversion . ....................................................................... 66,000 Work in process, January 1: conversion . ............................................................. $ 1 1 0 , 6 0 0 Costs incurred during January: direct material . .................................................. 400,000 Cost per equivalent unit: conversion . ................................................................... 14.10 Cost of goods completed and transferred out during January.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ......................... 1,320,000 Cost remaining in ending work-in-process inventory: direct material . ............. 158,000 PRODUCTION REPORT: CANANDAIGUA CARPET COMPANY Weighted-Average Method Equivalent Units Physical Units Percentage of Completion with Respect to Conversion Direct Material Conversion Work in process, January 1. ............ 25,000 25% Units started during January. .......... 55,000 Total units to account for . ............... 80,000 Units completed and transferred out during January. ..................... 60,000 100% 60,000 60,000 Work in process, January 31. .......... 20,000 30% 20,000 6,000 Total units accounted for. ................ 80,000 _____ _____ Total equivalent units. ...................... 8 , 6 6 ,...
View Full Document

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.

Ask a homework question - tutors are online