Chap004 (dragged) 40 - PROBLEM 4-40 (CONTINUED) 2. Product...

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Unformatted text preview: PROBLEM 4-40 (CONTINUED) 2. Product costs: Ceralam Sheets Sold after Rolling Direct material: Ceralam sheets ................. Chemical dip...................... Conversion costs: Rolling................................ Molding .............................. Punching ........................... Dipping .............................. Total cost .................................. Units manufactured ................. Unit cost.................................... aNumber of units of units cNumber of units dNumber of units bNumber 3. Non reflective Ceralam Housings Relective Ceralam Housings Total Costs $ 960,000 $ 400,000 $ 240,000 60,000 $1,600,000 60,000 900,000a 375,000a 350,000b 400,000c ________ $1,525,000 2,500 $610 225,000a 210,000b 240,000c 225,000d $1,200,000 1,500 $800 1,500,000 560,000 640,000 225,000 $4,585,000 _______ $1,860,000 6,000 $310 rolling cost per unit ($150) molding cost per unit ($140) punching cost per unit ($160) dipping cost per unit ($150) Journal entries: Work-in-Process Inventory: Rolling .................................... Raw-Material Inventory............................................... Applied Conversion Costs ......................................... 3,100,000 1,600,000* 1,500,000† *$1,600,000 = direct-material cost for ceralam sheets †$1,500,000 = conversion cost in rolling operation McGraw-Hill/Irwin Managerial Accounting, 6/e 2005 The McGraw-Hill Companies, Inc. 4-41 ...
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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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