Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 29 Jul 2017 My Price 8.00

Swinn Company

P3-5B Swinn Company manufactures bicycles. Materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the month of May are as follows.

 

Percent

 

 

 

 

Production Data—Bicycles

 

Units

 

Complete

Work in process units, May 1

 

500

 

80%

Units started in production

 

2,000

 

 

Work in process units, May 31

 

800

 

40%

Cost Data—Bicycles

 

 

 

 

Work in process, May 1 Materials

 

$15,000

 

 

Conversion costs

 

  18,000

 

$33,000

Direct materials

 

 

 

50,000

Direct labor

 

 

 

19,020

Manufacturing overhead

 

 

 

33,680

 

Instructions

 

(a)  Calculate the following.

 

 

 

(1)  The equivalent units of production for materials and conversion.

(2) Materials $26

 

(2) The unit costs of production for materials and conversion costs.

CC             $35

(3)  The assignment of costs to units transferred out and in process at the end of   the

(3)  Transferred

accounting period.

out

$103,700

(b) Prepare a production cost report for the month of May for the bicycles.

WIP

$ 32,000

 

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Jul 2017 10:07 PM My Price 8.00

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