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Safari File Edit View History Bookmarks Window Help 100%. Tue 2:33 AM cvg.cengagenow.com Welcome, Preston Login CengageNOW Onl. KD O Cvg.cengage Login (2) Facebook Cost Accou Scenario 2: Assume that three batches of doghouses were started and completed during the current month for a total cost of $5,802. Two more batches were also placed into production. These two batches were completed through process A and process B. The cost for those two batches is $2,928. Determine the equivalent units for the current month and the unit cost for the current month. (Don't forget that one batch is equal to ten doghouses.) Step 1: Calculate equivalent units. nes Units Completed + Units in EWIP X Percent Complete Equivalent Units Step 2: Calculate the per unit cost. (Round to the nearest cent.) AM Scenario 3: Assume that one batch of doghouses was started and completed during the current month. Use the cost table for each process determined back in the first section of this problem to determine the cost of the completed batch. Four more batches were also placed into production during the month. The four batches were completed through process A and process B as well as part of process C. At the end of the month, it is estimated that the four batches in ending Work in Process are 90% complete. The total costs for these four batches is $6,984, which includes the costs transferred from process A and process B and the costs incurred in process C as of the end of the month. Determine the equivalent units for the current month and the unit cost for the current month. (Don't forget that costs listed in the table are for one batch of ten doghouses.) Step 1: Calculate equivalent units. Units Completed +Units in EWIP X Percent Complete Equivalent Units Step 2: Calculate the per unit cost. (Round to the nearest cent.)Explanation / Answer
Scenario 1
Calculate the equivalent units
Calculate the per unit cost
3868 + 287.20 / 3.4 = 4155.2 / 3.4 = 1222
Scenario 2
Calculate the equivalent units
Calculate the per unit cost
5802 + 2928 / 4.5 = 8730 / 4.5 = 1940
Scenario 3
Calculate the equivalent units
Calculate the per unit cost
cost of completed batch as per first section = 1222
1222 + 6984 / 4.6 = 8924 / 4.6 = 1940
Units completed 2 Units in EWIP * percentage completed (4 * 35%) 1.4 Equivalent units 3.4Related Questions
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