a Secure https/newconnect mheducation.com/ow/connect htm Chapter 18 Homework Hel

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a Secure https/newconnect mheducation.com/ow/connect htm Chapter 18 Homework Help Save &Exit; Submit Check my 4 Shamrock Industries uses process costing All of the company's manufacturing activities take place in a single processing dlepartment The folowing information was available for the month of June birect labor Ranufacturing overhead applied s to account for The amounts of work in process at the beginning and end of the month were immaterial and assigned no dolar value.During June. bbn20,000 units were complesed, of which 16,000 were sold on account at $20 per unt Complete a production cost report for Shamrock Industries for the month of June. (Do not round intermediate calculations) Prodaction Cost Report r Prinical Flow Beginning w Prey4 of 5 Next ype hene to search 2

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SHAMROCK INDUSTRIES PRODUCTION COST REPORT FOR THE MONTH OF JUNE PART:1 PHYSICAL FLOW TOTAL UNITS      INPUTS           BEGINNING WIP 0           STARTED 20,000 UNITS TO ACCOUNT FOR 20,000      OUTPUTS           UNITS COMPLETED 20,000           ENDING WIP 0 UNITS ACCOUNTED FOR 20,000 PART:2 EQUIVALENT UNITS DIRECT MATERIALS CONVERSION COSTS      BASED ON MONTHLY INPUT          BEGINNING WIP 0 0          UNITS STARTED 20,000 20,000 EQUIVALENT UNITS OF INPUT 20,000 20,000      BASED ON MONTHLY OUTPUT           UNITS COMPLETED 20,000 20,000           ENDING WIP EQUIVALENT UNITS OF OUTPUT 20,000 20,000 PART:3 COST PER EQUIVALENT UNIT TOTAL UNIT COST DIRECT MATERIALS CONVERSION COSTS      INPUT COSTS 90,000 70,000      DIVIDE BY EQUIVALENT UNITS 20,000 20,000      COSTS PER EQUIVALENT UNITS $8 $4.50 $3.50 PART:4 TOTAL COST ASSIGNMENT      COSTS TO ACCOUNT FOR           COST OF BEGINNING WIP 0           COST ADDED DURING THE PERIOD 160,000 TOTAL COST TO ACCOUNT FOR $160,000      COSTS ACCOUNTED FOR          COST OF GOODS TRANSFERRED            BEGINNING WIP LAST PERIOD 0 0 0           BEGINNING WIP THIS PERIOD 0 0 0           STARTED AND COMPLETED 160,000 90,000 70,000 TOTAL COST TRANSFERRED $160,000 $90,000 $70,000           ADD ENDING WIP 0 0 0 TOTAL COST ACCOUNTED FOR $160,000 $90,000 $70,000

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