Chap004 (dragged) 33

# Chap004 (dragged) 33 - ................... 22,000 1 7 , 8 D...

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McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. 4 - 34 Solutions Manual PROBLEM 4-37 (45 MINUTES) 1. PRODUCTION REPORT: MIXING DEPARTMENT ( W e i g h t e d - A v e r a g e M e t h o d ) November 20x5 Percentage of Completion with Equivalent Units Physical Respect to Direct U n i t s Conversion Material Conversion Work in process, November 1. ..... 5,000 70% Units started during November. ... 17,000 Total units to account for . ............ 22,000 Units completed and transferred o u t d u r i n g N o v e m b e r . . . . . . . . . . 1 6 , 0 0 0 100% 16,000 16,000 Work in process, November 30 6,000 30% 6,000 1,800 Total units accounted for. ............. 22,000 ____ _ _ ____ Total equivalent units.
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Unformatted text preview: ................... 22,000 1 7 , 8 D i r e c t M a t e r i a l C o n v e r s i o n T o t a l Work in process, November 1. ..... \$ 31,600 \$ 55,220 \$ 86,820 Costs incurred during November 85,000 * 210,000 2 9 5 , Total costs to account for. ............ \$116,600 \$265,220 \$381,820 Equivalent units. ............................ 22,000 17,800 Costs per equivalent unit. ............. \$5.30 \$14.90 \$20.20 *\$85,000 = \$16,000 + \$44,000 + (5,000 12,000)(\$60,000) \$210,000 = \$70,000 + (1.50)(\$70,000) + \$35,000...
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