Chapter06 Solutions-Hansen6e

124 623 continued 2 healthway tableting department

Info icon This preview shows pages 27–32. Sign up to view the full content.

View Full Document Right Arrow Icon
124
Image of page 27

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
6–23 Continued 2. Healthway Tableting Department Production Report for July 20XX Unit Information Units to account for: Units, beginning work in process .................. 4,000 Units started .................................................... 200,000 Total units to account for ............................... 204,000 Units accounted for: Equivalent Units Physical Transferred Direct Conversion Flow In Materials Costs Units completed .................. 198,000 198,000 198,000 198,000 Units, ending work in process ........................... 6,000 6,000 6,000 2,400 Total units accounted for... 204,000 204,000 204,000 200,400 Cost Information Costs to account for: Transferred Direct Conversion In Materials Costs Total Costs in beginning work in process ....................... $ 140 $ 32$ 50 $ 222 Costs added by department 15,490 1,584 4,860 21,934 Total costs to account for... $ 15,630 $ 1,616 $ 4,910 $ 22,156 ** Cost per equivalent unit $0.0766* $0.0079*$ 0.0245*$ 0.1090* *Rounded. **Difference due to rounding. 125
Image of page 28
6–23 Concluded Costs accounted for: Transferred Ending Work Out in Process Total Goods transferred out (198,000 × $0.1090) ......................... $21,582 $21,582 Ending work in process: Transferred in (6,000 × $0.0766) .... $460* 460* Direct materials (6,000 × $0.0079).. 47* 47* Conversion costs (2,400 × $0.0245) 59 * 59 * Total costs accounted for ................... $ 21,582 $ 566 $ 22,148 ** *Rounded. **Difference due to rounding. 6–24 Healthway Mixing Department Production Report for July 20XX Unit Information Units to account for: Units, beginning work in process .................. 5 Units started .................................................... 126 Total units to account for ............................... 131 Units accounted for: Equivalent Units Physical Direct Conversion Flow Materials Costs Units started and completed ................ 120 120 120 Units, beginning work in process (to complete) ................................... 5 3 Units, ending work in process ............. 6 6 3 Total units accounted for ..................... 131 126 126 126
Image of page 29

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
6–24 Continued Cost Information Costs to account for: Direct Conversion Materials Costs Total Costs in beginning work in process... $ 120 $ 384 $ 504 Costs added by department ................. 3,144 12,288 15,432 Total costs to account for .................... $ 3,264 $ 12,672 $ 15,936 ** Cost per equivalent unit a .......................... $24.952* $97.524 $122.476 a Under FIFO, cost per equivalent unit uses Costs Added during the period to cal- culate the unit cost). Costs accounted for: Transferred Ending Work Out in Process Total Goods started and completed (120 × $122.476) ............................... $14,697* $ 14,697* Units, beginning work in process: Prior period ...................................... 504 504 Current period (3 × $97.524) ........... 293* 293* Ending work in process: Direct materials (6 × $24.952) ......... $150* 150* Conversion costs (3 × $97.524) ...... 293 * 293 * Total costs accounted for .................... $ 15,494 $ 443 $15,937 ** *Rounded. **Difference due to rounding. 127
Image of page 30
6–24 Continued Healthway Tableting Department Production Report for July 20XX Unit Information Units to account for: Units, beginning work in process ............. 4,000 Units started ............................................... 200,000 Total units to account for .......................... 204,000 Units accounted for: Equivalent Units Physical Transferred Direct Conversion Flow In Materials Costs Units started and completed .... 194,000 194,000 194,000 194,000 Units, beginning work in process ................................ 4,000 2,000 Units, ending work in process ................................ 6,000 6,000 6,000 2,400 Total units accounted for ......... 204,000 200,000 200,000 198,400 Cost Information Costs to account for: Transferred Direct Conversion In Materials Costs Total Costs in beginning work in process ............................... $ 140 $ 32 $ 50 $ 222 Costs added by department... 15,494 1,584 4,860 21,938 Total costs to account for ...... $ 15,634 $ 1,616 $ 4,910 $ 22,160 ** Cost per equivalent unit .............. $0.0775* $ 0.0079* $0.0245* $ 0.1099* *Rounded.
Image of page 31

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 32
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern