Schedule costschargedtomixingdepartment

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Unformatted text preview: s $450,000 The Computation of Unit Materials Costs: Illustration 21-17 Chapter 21-39 Comprehensive Example Continued Comprehensive Example Continued Comprehensive Step 3: Compute Unit Production Cost - continued Conversion Cost Computation: Conversion Costs in Beginning Work in Process $ 35,000 Conversion Costs Added to Production During Month 170,000 Total Conversion Costs $205,000 The Computation of Unit Conversion Costs: Illustration 21-19 Chapter 21-40 Comprehensive Example Continued Comprehensive Example Continued Comprehensive Step 3: Compute Unit Production Cost – continued Total Manufacturing Cost Per Unit The computation of unit total manufacturing cost: Illustration 21-20 Chapter 21-41 Comprehensive Example Continued Comprehensive Example Continued Comprehensive Step 4: Prepare Cost Reconciliation Schedule Costs Charged to Mixing Department: Cost of Beginning Work in Process Costs Started into Production During Period Total Costs to be Accounted For $ 85,000 570,000 $ 655,000 Illustration 21-22 Chapter 21-42 Production Cost Report -- Mixing Department Production Cost Report Mixing Department Production Illustration 21-23 Chapter 21-43 Production Cost Report -- Mixing Department Production Cost Report Mixing Department Production Review Question Review Largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending work in process, 40% complete as to conversion costs and fully complete as to materials cost, the total cost assignable to the ending work in process inventory is: a. b. $55,000. c. $75,000. d. Chapter 21-44 $45,000. $100,000. Contemporary Developments Contemporary Developments Contemporary Just-in-Time (JIT) Processing A processing system that is dedicated to having the right products or parts as they are needed Objective: To eliminate all manufacturing inventories to make funds and space avai...
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