The following information is available for the Molding department for January. W
ID: 2466182 • Letter: T
Question
The following information is available for the Molding department for January.
Work in process beginning:
Units in process 22,000
Stage of completion for materials 80%
Stage of completion for labor and overhead 30%
Costs in work in process inventory:
Materials $168,360
Labor 67,564
Overhead 17,270
Total costs in beginning work in process $253,194
Units started into production in January 60,000
Units completed and transferred in January 58,000
Costs added to production:
Materials $264,940
Labor 289,468
Overhead 60,578
Total costs added into production in January $614,986
Work in process ending:
Units in process 24,000
Stage of completion for materials 50%
Stage of completion for labor and overhead 10%
(a) Prepare a Equivalent Units of Production report for HARTSELL MANUFACTURING using the weighted-average method.
(b) Prepare a Cost Per Equivalent Unit report for HARTSELL MANUFACTURING using the weighted-average method.
(c) Prepare a Costs of Ending Work in Process Inventory and Units Transferred Out report for HARTSELL MANUFACTURING using the weighted-average method.
(d) Prepare a Cost Reconciliation report for HARTSELL MANUFACTURING using the weighted-average method.
Explanation / Answer
Solution:
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Transferred In Transferred Out Beginning 22,000 Transferred Out 58,000 Started 60,000 Ending 24,000 Total 82,000 Total 82,000Related Questions
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