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Category > Accounting Posted 26 Jul 2017 My Price 7.00

Chen Company

ACCT 560 Week 2 Assignment

P3-5A Chen Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2008 are as follows.

Production Data-Basketballs Units Percent Complete
Work in process units, July 1 500 60%
Units started into production 1,000 
Work in process units, July 31 600 30%

Cost Data - Basketballs 
Work in process, July 1 
Materials $750 
Conversion costs 600 $1,350 
Direct materials 2,400 
Direct labor 1,580 
Manufacturing overhead 1,060 

a. Calculate the following.
1. The equivalent units of production for materials and conversion.
2. The unit costs of production for materials and conversion costs.
3. The assignment of costs to units transferred out and in process at the end of the period.

b. Complete the production cost report for the month of July for the basketballs

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Maurice Tutor
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Status NEW Posted 26 Jul 2017 12:07 PM My Price 7.00

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