Chap004 (dragged) 45 - 4 , 3 8 , 2 *37,000 = 40,000 3,000...

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McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. 4 - 46 Solutions Manual CASE 4-42 (CONTINUED) PRODUCTION REPORT: AGRITECH, INC. - SATURATING DEPARTMENT Weighted-Average Method Equivalent Units Physical Units Percentage of Completion with Respect to Conversion Transferred in Conversion Work in process, September 1. ................ 2,000 40% Units transferred in during September. ... 38,000 Total units to account for . ........................ 40,000 Units completed and transferred o u t d u r i n g September . ......................... 37,000* 100% 37,000 37,000 Work in process, September 30. .............. 3,000 4 0 % 3 , 0 0 0 1 , 2 0
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Unformatted text preview: 4 , 3 8 , 2 *37,000 = 40,000 3,000 Transferred In Conversion Total Work in process, September 1. .......................... $ 41,000 $ 24,600 $ 65,600 Costs incurred during September . .................... 399,000* 90,000 4 8 9 , Total costs to account for. .................................. $440,000 $114,600 $ 5 5 4 , 6 Equivalent units. .................................................. 40,000 38,200 Costs per equivalent unit. ................................... $11.00 $3.00 $14.00 *Cost of goods completed and transferred out of Mixing Department during September, under the weighted-average method....
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