Chap004 (dragged) 34 - PROBLEM 4-37 (CONTINUED) Cost of...

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Unformatted text preview: PROBLEM 4-37 (CONTINUED) Cost of goods completed and transferred out during November: number of units total cost per transferred out equivalent unit .............................. 16,000 $20.20 $323,200 $5.30 $31,800 $14.90 26,820 Cost remaining in November 30 work-in-process inventory Direct material: number of cost per equivalent equivalent units of unit of direct material direct material .................................. 6,000 Conversion number of cost per equivalent equivalent units of unit of conversion conversion ............................................ 1,800 Total cost of November 30 work in process ..................................................... Check: Cost of goods completed and transferred out ........ Cost of November 30 work-in-process inventory ... Total costs accounted for.......................................... $323,200 58,620 $381,820 a. Work-in-Process Inventory: Mixing Department............. Raw-Material Inventory ............................................ 85,000 b. Work-in-Process Inventory: Mixing Department............. Wages Payable ......................................................... 70,000 c. Work-in-Process Inventory: Mixing Department............. Manufacturing Overhead ......................................... 2. 140,000* $58,620 85,000 70,000 140,000 *$140,000 = (1.50)($70,000) + ($35,000) d. Work-in-Process Inventory: Finishing Department ........ Work-in-Process Inventory: Mixing Department... McGraw-Hill/Irwin Managerial Accounting, 6/e 323,200 323,200 2005 The McGraw-Hill Companies, Inc. 4-35 ...
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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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