Chapter 4 - Full Student Version

# Total cost cost to be accounted for w ork in process

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Unformatted text preview: t 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 unit. \$ 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: Tran...
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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.

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