Chapter 4 - Full Student Version

Cost reconciliation section shows the reconciliation

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Unformatted text preview: units in ending work in process inventory. Cost Reconciliation section shows the reconciliation of all cost flows into and out of the department during the period. Section 3 LO 2 4-19   4-20 W Z  Section 1: Prepare Quantity Schedule with Equivalent Units.  D  W W Units to be accounted for: W ork in process, May 1 Started into production Total units D D  200 5,000 5,200 Equivalent units Materials Conversion D D  Units accounted for as follows: Completed and transferred W ork in process, May 31 Materials 40% complete Conversion 25% complete  D  4,800 400 4,800 160 5,200 LO 3 4,800 4,960 100 4,900 4-21 W Z  W Section 2: Compute the cost per equivalent unit. Total Cost Cost to be accounted for: W ork in process, May 1 Costs added in the Shipping a nd Milling Department $ 15,175 Materials  $ $ Total Cost Conversion 9,600 Cost to be accounted for: W ork in process, May 1 Costs added in the Shipping a nd Milling Department 5,575 719,500 368,600 350,900 $ 378,200 $ 356,475 4,960 4,900 Equivalent units Cost per equivalent unit Z Section 2: Compute the cost per equivalent uni...
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