Chap004 (dragged) 37 - PROBLEM 4-39 (CONTINUED) Unit Costs...

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Unformatted text preview: PROBLEM 4-39 (CONTINUED) Unit Costs Material costs: Extrusion ....................... Form ............................... Trim ................................ Finish.............................. Conversion costs: Extrusion ....................... Form ............................... Trim ................................ Finish.............................. Total unit cost ...................... Units produced..................... Total product cost* .............. Plastic Sheets Standard Model Deluxe Model Executive Model $9.00 $9.00 3.00 $9.00 3.00 2.25 $9.00 3.00 2.25 4.50 18.375 18.375 9.00 _ $27.375 10,000 $273,750 _ $39.375 12,000 $472,500 18.375 9.00 10.35 _ $51.975 6,000 $311,850 18.375 9.00 10.35 15.75 $72.225 4,000 $288,900 *Total costs accounted for: Product Plastic sheets Standard model Deluxe model Executive model Total 2. Total Product Costs $ 273,750 472,500 311,850 288,900 $1,347,000 Journal entries: Work-in-Process Inventory: Extrusion .............................. Raw-Material Inventory ............................................. Applied Conversion Costs ....................................... 876,000 Finished-Goods Inventory .................................................. Work-in-Process Inventory: Extrusion.................... 273,750 Work-in-Process Inventory: Forming ................................ Work-in-Process Inventory: Extrusion.................... Raw-Material Inventory ............................................. Applied Conversion Costs ....................................... 866,250 McGraw-Hill/Irwin 4-38 288,000 588,000 273,750 602,250 66,000 198,000 2005 The McGraw-Hill Companies, Inc. Solutions Manual ...
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