Exercise 4 - Jordan Poorkhodakaram Exercise 4-6 1 Units transferred to the next department 790000 Work in process ending Labor and overhead Equivalent

Exercise 4 - Jordan Poorkhodakaram Exercise 4-6 1 Units...

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Jordan Poorkhodakaram 11/25/2012 Exercise 4-6 1. Materials Labor Overhead Units transferred to the next department 790000 790000 790000 Work in process, ending 30000 Labor and overhead 10,000 10000 Equivalent units of production 820,000 800000 800000 2. Materials Labor Overhead Cost of beginning work in process 68,600 30,000 48000 Cost added during the period 907,200 370,000 592,000 Total cost 975800 400,000 640,000 Equivalent units of production 820,000 800,000 800,000 Cost per equivalent unit $1.19 $.50 $.80 Exercise 4-13 Weight-average Method 1. Equivalent Units of production Materials Conversion Transferred to next department 380,000 380,000 Ending work in process: Materials: 40,000 units * 75% 30,000 Conversion: 40,000 units * 25% 10,000 Equivalents units of production 410,000 390,000 2. Cost per Equivalent Unit Materials Conversion Cost of beginning work in process 86,000 36,000 Cost added during the period 447,000 198,000 Total cost 533,000 234,000 Equivalent units of production 410,000 390,000 Cost per equivalent unit $1.30 $0.60
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3. Cost of Ending Work in Process Inventory and Units Transferred Out Materials Conversion Total Ending Work in process inventory: Equivalent units of production 30,000 10,000
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