16-18 - 1618 1633 (continued) (1) (continued) Costs...

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Unformatted text preview: 1618 1633 (continued) (1) (continued) Costs Assigned Assembly To units completed and transferred to Aging Direct materials 320 equivalent units @ $32 = $10,240 Conversion 320 equivalent units @ $23 = 7 ,360 $1,600 7 To ending (March 31) goodsinprocess inventory (in Assembly) Direct materials 60 equivalent units @ $32 = $ 1 ,920 Conversion 30 equivalent units @ $23 = 690 2,610 Total costs assigned $20,210 Equivalent Units Aging Equivalent Equivalent Physical units for units for units prior production conversion Completed and transferred 325 325 325 Ending GIP inventory (40% processed) 25 25 10b Total 350 350 335 b25 x 40% Average Costs per Equivalent Unit Aging Costs Average Costs in added costs per beginning + during = Total costs Equivalent equivalent inventory March accumulated units unit Prior production $3,750 $1,600 $21 7 ,350 350 = $61 .00 Conversion 460 3,895 4,355 335 = 13.00 Total $4,210 $21 ,495 $25,705 ...
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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.

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