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Category > Business & Finance Posted 22 May 2017 My Price 6.00

Determine the costs to be assigned to the units transferred out and in ending work in process.

E3-8 The Blending Department of Machulak Company has the following cost and pro- duction data for the month of   April.

 

 

Costs:

Work in process, April 1

 

Direct materials: 100% complete

$100,000

Conversion costs: 20%  complete

70,000

Cost of work in process, April 1

$170,000

Costs incurred during production in April Direct materials

 

$   800,000

Conversion costs

362,000

Costs incurred in April

$1,162,000

 

 

Units transferred out totaled 14,000. Ending work in process was 1,000 units that are 100% complete as to materials and 40% complete as to conversion costs.

Instructions

(a)   Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April.

(b)   Compute the unit costs for the month.

(c)    Determine the costs to be assigned to the units transferred out and in ending work in process.

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 22 May 2017 08:05 AM My Price 6.00

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file 1495441224-Answer.docx preview (167 words )
E-----------3-8----------- Th-----------e B-----------len-----------din-----------g D-----------epa-----------rtm-----------ent----------- of----------- Ma-----------chu-----------lak----------- Co-----------mpa-----------ny -----------has----------- th-----------e f-----------oll-----------owi-----------ng -----------cos-----------t a-----------nd -----------pro------------ d-----------uct-----------ion----------- da-----------ta -----------for----------- th-----------e m-----------ont-----------h o-----------f -----------  -----------Apr-----------il.----------- Â-----------  -----------  ----------- Co-----------sts-----------: -----------Wor-----------k i-----------n p-----------roc-----------ess-----------, A-----------pri-----------l 1----------- Â-----------  -----------Dir-----------ect----------- ma-----------ter-----------ial-----------s: -----------100-----------% c-----------omp-----------let-----------e $-----------100-----------,00-----------0 -----------Con-----------ver-----------sio-----------n c-----------ost-----------s: -----------20%-----------  -----------com-----------ple-----------te -----------70,-----------000----------- C-----------ost----------- of----------- wo-----------rk -----------in -----------pro-----------ces-----------s, -----------Apr-----------il -----------1 $-----------170-----------,00-----------0 -----------Cos-----------ts -----------inc-----------urr-----------ed -----------dur-----------ing----------- pr-----------odu-----------cti-----------on -----------in -----------Apr-----------il -----------Dir-----------ect----------- ma-----------ter-----------ial-----------s Â-----------  -----------$ -----------  -----------800-----------,00-----------0 -----------Con-----------ver-----------sio-----------n c-----------ost-----------s 3-----------62,-----------000----------- C-----------ost-----------s i-----------ncu-----------rre-----------d i-----------n A-----------pri-----------l $-----------1,1-----------62,-----------000-----------
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