Exercise 16-11 (Part Level Submission) The Polishing Department of Major Company
ID: 2391698 • Letter: E
Question
Exercise 16-11 (Part Level Submission)
The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process.
Production: Beginning inventory 1,680 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 47,000; ending inventory of 5,700 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised of $21,700 of materials and $76,790 of conversion costs; materials costs added in Polishing during the month, $235,817; labor and overhead applied in Polishing during the month, $127,100 and $257,740, respectively.
(a)
Materials
Conversion Costs
Open Show Work
SHOW SOLUTION
SHOW ANSWER
LINK TO TEXT
(b)
Materials
Conversion Costs
Exercise 16-11 (Part Level Submission)
The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process.
Production: Beginning inventory 1,680 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 47,000; ending inventory of 5,700 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised of $21,700 of materials and $76,790 of conversion costs; materials costs added in Polishing during the month, $235,817; labor and overhead applied in Polishing during the month, $127,100 and $257,740, respectively.
Explanation / Answer
a) Equivalent unit of production :
Calculate unit cost ;
Material Conversion cost Unit transferred out 42980 42980 Ending work in process 5700 570 Equivalent unit of production 48680 43550Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.