Answer A-C using info
Equivalent units of production (EUP)- weighted average method (Forming and Packaging cost categories) |
|||||
Units |
% Forming Costs |
EUP- Forming |
% Packaging |
EUP- Packaging |
|
Units completed and transferred out |
22,700 |
100% |
22,700 |
100% |
22,700 |
Ending work in process - units |
1,960 |
65% |
1,274 |
65% |
1,274 |
Total units |
24,660 |
23,974 |
23,974 |
||
Cost per equivalent unit of production |
Forming |
Packaging |
|||
Costs of beginning work in process |
400,000 |
200,000 |
|||
Costs incurred this period |
2,497,000 |
579,720 |
|||
Total costs |
Costs |
2,897,000 |
Costs |
779,720 |
|
÷ Equivalent units of production |
EUP |
23,974 |
EUP |
23,974 |
|
Cost per equivalent unit of production (show 4 decimal places) |
120.8392 |
32.5236 |
ASSEMBLY DEPARTMENT |
|||||
Equivalent units of production (EUP)- weighted average method (Other Direct Material and Conversion costs) |
|||||
Units |
% Other DM Costs |
EUP- Other DM |
% Conversion |
EUP- Conversion |
|
Units completed and transferred out |
22,700 |
100% |
22,700 |
100% |
22,700 |
Ending work in process - units |
1,960 |
65% |
1,274 |
65% |
1,274 |
Total units |
24,660 |
23,974 |
23,974 |
||
Cost per equivalent unit of production |
Forming |
Packaging |
|||
Costs of beginning work in process |
27,860 |
339,660 |
|||
Costs incurred this period |
144,930 |
996,480 |
|||
Total costs |
Costs |
172,790 |
Costs |
1,336,140 |
|
÷ Equivalent units of production |
EUP |
23,974 |
EUP |
23,974 |
|
Cost per equivalent unit of production (show 4 decimal places) |
7.2074 |
55.7329 |
ASSEMBLY DEPARTMENT |
||||
Total costs accounted for: |
||||
Cost of units transferred out: |
EUP |
Cost per EUP |
Total cost |
|
Forming Costs |
22,700 |
120.8392 |
2,743,049 |
|
Packaging Costs |
22,700 |
32.5236 |
738,285 |
|
Other Direct materials |
22,700 |
7.2074 |
163,607 |
|
Conversion |
22,700 |
55.7329 |
1,265,136 |
|
Total costs transferred out |
4,910,077 |
|||
Costs of ending work in process |
EUP |
Cost per EUP |
Total cost |
|
Forming Costs |
1,274 |
120.8392 |
153,949 |
|
Packaging Costs |
1,274 |
32.5236 |
41,435 |
|
Other Direct materials |
1,274 |
7.2074 |
9,182 |
|
Conversion |
1,274 |
55.7329 |
71,003 |
|
Total cost of ending work in process |
275,569 |
|||
Total costs accounted for |
5,185,646 |
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