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Category > Accounting Posted 07 May 2017 My Price 15.00

The Cutting Department of Keigi Manufacturing

The Cutting Department of Keigi Manufacturing has the following production and cost data for August.

 

 

 

 

 

Production

 

 

Costs

 

 

1. Started and completed 8,000 units.

 

 

Beginning work in process

 

 

$ –0–

 

 

2. Started 2,000 units that are 40%

 

 

Materials

 

 

45,000

 

 

completed at August 31.

 

 

Labor

 

 

14,700

 

 
 

Manufacturing overhead

 

 

16,100

 

 

Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Keigi Manufacturing uses the FIFO method to compute equivalent units.

 

 

Instructions

 

 

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

 

 

 

(b) Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process.

Answers

Alpha Geek
(8)
Status NEW Posted 07 May 2017 05:05 PM My Price 15.00

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Attachments

file 1494176962-538887_1_636296380920363673_Equivalent-production-Report-FIFO.xlsx preview (236 words )
53-----------888-----------7&a-----------mp;-----------amp-----------;in-----------foI-----------d=4-----------750-----------94E-----------qui-----------val-----------ent----------- pr-----------odu-----------cti-----------on ------------FI-----------FOT-----------he -----------Cut-----------tin-----------g D-----------epa-----------rtm-----------ent----------- of----------- Ke-----------igi----------- Ma-----------nuf-----------act-----------uri-----------ng -----------has----------- th-----------e f-----------oll-----------owi-----------ng -----------pro-----------duc-----------tio-----------n a-----------nd -----------cos-----------t d-----------ata----------- fo-----------r A-----------ugu-----------st.-----------Pro-----------duc-----------tio-----------nun-----------its-----------1. -----------Sta-----------rte-----------d a-----------nd -----------com-----------ple-----------ted----------- 8,-----------000----------- un-----------its-----------.2.----------- St-----------art-----------ed -----------2,0-----------00 -----------uni-----------ts -----------tha-----------t a-----------re -----------40%-----------com-----------ple-----------ted----------- at----------- Au-----------gus-----------t 3-----------1.C-----------ost-----------s$B-----------egi-----------nni-----------ng -----------wor-----------k i-----------n p-----------roc-----------ess-----------Mat-----------eri-----------als-----------Lab-----------orM-----------anu-----------fac-----------tur-----------ing----------- ov-----------erh-----------ead-----------Con-----------ver-----------sio-----------n c-----------ost-----------s=L-----------abo-----------r+o-----------ver-----------hea-----------dMa-----------ter-----------ial-----------s a-----------re -----------ent-----------ere-----------d a-----------t t-----------he -----------beg-----------inn-----------ing----------- of----------- th-----------e p-----------roc-----------ess-----------. C-----------onv-----------ers-----------ion-----------
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