16-17 - 16-17 16-32 (continued) (2) (continued) Costs...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 16-17 16-32 (continued) (2) (continued) Costs Assigned To units completed and transferred to finished goods inventory Direct materials 900 equivalent units @ $109 = $98,100 Conversion 900 equivalent units @ $ 42 = 37,800 $135,900 To ending (Aug. 31) goods-in-process inventory Direct materials 200 equivalent units @ $109 = $21,800 Conversion 120 equivalent units @ $ 42 = 5,040 26,840 Total costs assigned $162,740 16-33 (1) GENUINE PRODUCTS COMPANY Process Cost Sheet (March) Equivalent Units - Assembly Equivalent Equivalent Physical units for units for units direct materials conversion Completed and transferred 320 320 320 Ending GIP inventory (50% processed) 60 60 30a Total 380 380 350 a60 x 50% Average Costs per Equivalent Unit - Assembly Costs Average Costs in added costs per beginning + during = Total costs Equivalent equivalent inventory March accumulated units unit Direct materials $ 860 $11,300 $12,160 380 = $32 Conversion 240 7,810 8,050 350 = 23 Total $1,100 $19,110 $20,210 ...
View Full Document

This homework help was uploaded on 04/08/2008 for the course ACC 102 taught by Professor Drucker during the Fall '07 term at Coastal Carolina University.

Ask a homework question - tutors are online