Chapter 4 - Full Student Version

734675 total cost 4 22 15175 conversion 9600 5575

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Unformatted text preview: t. $ 734,675 Total cost 4-22 $ $ 15,175 Conversion $ $ 9,600 5,575 719,500 368,600 350,900 $ 734,675 Total cost $ 378,200 $ 356,475 Equivalent units 76.25 Materials 4,960 Cost per equivalent unit $ 76.25 Total cost per equivalent unit = $76.25 + $72.75 = $149.00 $378,200 ÷ 4,960 units = $76.25 4,900 $ 72.75 $356,475 ÷ 4,900 units = $72.75 4-23 W Z  4-24 W Z  Section 3: Prepare a Cost Reconciliation Section 3: Prepare a Cost Reconciliation 100 units @ $72.75 4,800 units @ $149.00 Cost accounted for as follows: Transferred out during May W ork in process, May 31: Materials Conversion Total work in process, May 31 Total cost accounted for Total Cost $ 715,200 Equivalent Units Materials Conversion 4,800 4,800 160 100 160 units @ $76.25 Cost accounted for as follows: Transferred out during May W ork in process, May 31: Materials Conversion Total work in process, May 31 Total cost accounted for Total Cost Equivalent Units Materials Conversion $ 715,200 4,800 12,200 7,275 160 19,475 $ 734,675 4,800 100 All costs accounted for 4-25 Units to be accounted for: W ork in process, May 1 S tarted into production Total units W Z 200 5,000 5,200  4-26 Steps in Process Costing: Equivalent units Ma terials Conversion Units accounted for as follow s: Completed a nd transferred W ork in process, May 31 Materials 40% comple te Conve rs...
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This note was uploaded on 04/01/2014 for the course RSM 222 taught by Professor D.cianflone during the Fall '10 term at University of Toronto- Toronto.

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