(SHOW ALL COMPUTATIONS or no credit given) 5. The Mondelez International Company

Question

(SHOW ALL COMPUTATIONS or no credit given)

5. The Mondelez International Company uses a process cost accounting system and a weighted average cost flow assumption. A production department materials at the beginning of the process and incurs conversion uniformly throughout the process. adds costs Data for the month of May are as follows: Beginning work in Units started into Ending work in process inventory, 5/1 Production process inventory, 5/31 21,150 units (20% complete) 180,850 units 24,000 units (60% complete) Instructions Answer the following questions and show computations to support your answers. a. Prepare a schedule for May showing the physical unit flow and the units to account for b. Compute the equivalent units of production for materials and conversion costs for the month of May

Explanation / Answer

a) Prepare a schedule for physical unit flow :

Equivalent unit :

Units to be accounted for Beginning work in process 21150 Units started into production 180850 Total units to be accounted for 202000 Units accounted as Units completed and transferred out 178000 Ending work in process 24000 Total units accounted as 202000

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