Maurice Tutor

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    Argosy University/ Phoniex University/
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    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 12.00

Pylonic Mfg

25.     LO.2 & LO.3 (Cost per WA & FIFO EUP) Pylonic Mfg. produces concrete garden border sections. All material is added at the beginning of processing. Production and cost information for May 2010 are as follows:

WA EUP

Direct material                                              160,000 sections

Direct labor                                                152,000 sections

Overhead                                                     150,000 sections

FIFO EUP

Direct material                                              120,000 sections

Direct labor                                                124,000 sections

Overhead                                                     132,000 sections

Beginning WIP Inventory costs

 

Direct material

$19,600

Direct labor

6,320

Overhead

10,020

Current period costs Direct material

 

$54,000

Direct labor

34,720

Overhead

84,480

a.     What is the total cost to account for?

b.    Using weighted average process costing, what is the cost per equivalent unit for each cost component?

c.     Using FIFO process costing, what is the cost per equivalent unit for each cost component?

d.    How many units were in beginning inventory and at what percentage of completion was each cost component?

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 12:08 AM My Price 12.00

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