# Chapter_17_Part_1_(WA)_Solutions.pdf - 1(Step 2 Equivalent...

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17-1 1/ (Step 2) (Step 1) Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Work in process beginning (given) 100 Started during current period (given) 510 To account for 610 Completed and transferred out during current period 450 450 450 Work in process, ending* (160 × 80%; 160 × 40%) 160 128 64 Accounted for 610 ___ ___ Equivalent units of work done to date 578 514 * Degree of completion in this department: direct materials, 80%; conversion costs, 40%. Total Production Costs Direct Materials Conversion Costs (Step 3 ) Work in process, beginning (given) \$ 602,458 \$ 459,888 \$ 142,570 Costs added in current period (given) 5,153,000 3,237,000 1,916,000 Total costs to account for \$5,755,458 \$3,696,888 \$2,058,570 ( Step 4 ) Costs incurred to date \$3,696,888 \$2,058,570 Divide by equivalent units of work done to date (Solution Exhibit 17-24) ÷ 578 ÷ 514 Cost per equivalent unit of work done to date \$ 6,396 \$ 4,005 ( Step 5 ) Assignment of costs: Completed and transferred out (460 units) \$4,680,450 (450* × \$6,396) + (450* × \$4,005) Work in process, ending (160 units) 1,075,008 (128 × \$6,396) + (64 × \$4,005) Total costs accounted for \$5,755,458 \$3,696,888 + \$2,058,570 *
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