16-16 - 1616 1632(continued(1(continued Costs Assigned To...

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Unformatted text preview: 1616 1632 (continued) (1) (continued) Costs Assigned To units completed and transferred to finished goods inventory Direct materials 800 equivalent units @ $108 = $86,400 Conversion 800 equivalent units @ $ 39 = 31,200 $11,600 7 To ending (July 31) goodsinprocess inventory Direct materials 300 equivalent units @ $108 = $32,400 Conversion 90 equivalent units @ $ 39 = 3,510 35,910 Total costs assigned $153,510 (2) ERIC INDUSTRIES Process Cost Sheet (August) Equivalent Units Equivalent Equivalent Physical units for units for units direct materials conversion Completed and transferred 900 900 900 Ending GIP inventory (60% processed) 200 200 120b Total 1 100 1 100 1 , , ,020 b200 x 60% Average Costs per Equivalent Unit Costs Average Costs in added costs per beginning + during = Total costs Equivalent equivalent inventory August accumulated units unit Direct materials $32,400 $ 87 ,500 $119,900 1 100 = $109 , Conversion 3,510 39,330 42,840 1 ,020 = 42 Total $35,910 $126,830 $162,7 40 ...
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