Wiley PLUS Accounting help quick? C edugen.wileyplus.com /edugen/student/main un

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Wiley PLUS Accounting help quick? C edugen.wileyplus.com /edugen/student/main un Wiley PLUS Weygandt, Managerial Accounting, 7 Baden Company has gathered the following information. ASSIGNMENT RESOURCES Chp 3 Assign Units in beginning work in process Exercise 3-8 Units started into production 43,900 Units in ending work in process 8,500 Percent complete in ending work in process: Conversion costs 40 Review Results by Materials 100 Study object costs incurred: Direct materials $80,500 Direct labor $68,700 Overhead $103,800 Compute equivalent units of production for materials and for conversion costs. Material Conversion Cost The equivalent units of production LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion Costs Unit costs LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Show the assignment of costs to units transferred out and in process. (Round answers to 0 decimal places, e.g. 1,225.) Units transferred out Units in ending work in process LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE MANAGERIAL ACCOUNTING (ACCT 105) STANDARD VTEw PRINTER VERSON BACK 5:54 PM 2/10/2016

Explanation / Answer

Equivalent units          units                            Materials %                        conversion %

Started and completed 35,400                      35,400(100%)                    35,400(100%)

Ending WIP                    8,500                        8,500(100%)                       3,400(40%)

Equivalent units                                            43,900                                   38,800

Unit costs

Added during the year                                $80,500                              $172,500

EUP                                                                 43,900                                 38,800

Cost per unit                                                    $1.83                                 $4.45

Units transferred out (35,400*1.83 + 35,400*4.45 = $222,312

Units in ending inventory (8,500*1.83 + 3,400*4.45) = $30,685

Beginning WIP 0 Started and completed 35,400 Units started 43,900 Units Ending Work in progress 8,500 Units to be accounted 43,900 Units accounted for 43,900

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