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ID: 2514971 • Letter: H
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https// Check my work mode: This shows whet is comect or Incormrect for the work you heve complened Required information Use the following information for the Exercises below. The tollowing inbrmanon apples to the questions displayed beslow Durning Aprt, the producton depanment of a process manufiactuning sytem complesed a number of units of a prodat trandlerned them to fineshed goods or these randlened unts 62000 were n process in the producion deparment as the beginning of Apnti and 24,000 were started and completed in Agnt Apnit's begining Inventory unts wre complete wen eged to mat nals and 30% congane wth with respect to conversion LO C2 Exercise 3-9 Weighted average: Costs assigned to output and inventories charged to t during Apnt Aso The production department had 8758 of drect menerials and s689000 of conversion cots beginning inventory of sis9,422 conasts of $126.862 of drect manerieis cost and matenals cost and the conversion cout per equvaliet u and 162. uuing the wesghted-aveage method, compune the Apins costs to the department's ouput Round "Cost per EUP" 1o 2 decimal places.) Prey 1 N 5 a K.Explanation / Answer
UNITS TO ACCOUNT FOR: Beginning Work in Process units 62,000 Add: Units Started in Process 394,000 Total Units to account for: 456,000 UNITS TO BE ACCOUNTED FOR: Units started and completed 310,000 Ending Work in Process 146,000 Total Units to be accounted for: 456,000 Equivalent Units: UNITS Material Cost Conversion % Completion Units % Completion Units Units started and completed 310000 100% 310,000 100% 310,000 Ending Work in Process 146000 90% 131,400 40% 58,400 Total Equivalent units 456000 441,400 368,400 TOTAL COST TO ACCOUNT FOR: Material Conversion Beginning work in Process 126,862 32,560 Cost Added during May 817,858 689,000 Total Cost to account for: 944,720 721,560 Equivalent Units 441,400 368,400 Cost per Equivalent unit 2.14 1.959 Total Cost to account for: Direct material-Current 817858 Conversion cost-Current 689000 Material-Prior 126862 Conversionc ost-Prior 32560 Total Cost to account for: 1666280 Total cost accounted for: 1,666,350 Difference due to rounding off 70 Units Completeed and Transferred out (310000 units) Equivalent unit Cost per EU Total Cost Material 310,000 2.14 663400 Conversion Cost 310,000 1.959 607290 Total Cost of Units completed and transferred out: 1270690 Ending Work in process (146000 units) Equivalent unit Cost per EU Total Cost Material 131,400 2.14 281196 Conversison Cost 58,400 1.959 114405.6 Total cost of Ending Work in process: 395,660 Total cost of accounted for: 1,666,350
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