Nonuniform Inputs, Transferred-In Cost Drysdale Dairy produces a variety of dair

Question

Nonuniform Inputs, Transferred-In Cost Drysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6) and other materials (sugar and flavorings) are mixed at the beginning of the process and churned to make ice cream. The following data are for Department 12 for August:

Production: Units in process, August 1, 30% complete* 40,000 Units completed

and transferred out 110,000 Units in process,

August 31, 50% complete* 30,000

*With respect to conversion costs.

1. Prepare a physical flow schedule for the month.

2. Using the weighted average method, calculate equivalent units for the following categories: transferred-in, materials, and conversion.

Drysdale Dairy Physical Flow Schedule For the Month of August Units to account for: Units in beginning work in process Units started Total units to account for Units accounted for: Units transferred out Units in ending work in process Total units accounted for

2. Using the weighted average method, calculate equivalent units for the following categories: transferred-in, materials, and conversion.

Transferred-In equivalent units Materials equivalent units Conversion equivalent units

Explanation / Answer

Equivalent Production

Units Completed and Transfered Out = 110,000 Units

Add: Equivalent Units in Ending Inventory = 15000 Units

(30,000*50% Complete)

Total Equivalent Units of Produciton =125000 Units

Equivalent Unit of Transferred in

Units Started and Completed =70000

Equivalent Units in Ending Inventory = 15000

Equivalent Units of Transfered in =85000

Equivalent Units for Materials =140000

Equivalent Units for Conversion Cost= 125000 Units

( 110000 Completed and Transfered Out)

( 15000 Equivalent Units in Ending Inventor)

Physical Flow Schedule Units to account for Units in Beginning work in process (30% complete) 40000 Units Started during the period 100000 Total Units to account for 140000 Units accounted for Units Completed and trasnfered out Started and completed 70000 Beginning Inventory 40000 110000 Units in Ending Work in process (50% Complete) 30000 Total Units accounted for 140000

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