Transferred-in costs, equivalent unit costs, working backwards.

(0 minutes) Le Roi du Plastique, SARL, has two processes—extrusion and thermo-assembly. Consider the June 2001 data for physical units in the thermo-assembly process of Le Roi du Plastique: beginning work in progress, 15,000 units; transferred in from the Extruding Department during September, 9,000; ending work in progress, 5,000. Direct materials are added when the process in the Thermo-assembly Department is 80%

complete. Conversion costs are added evenly during the process. Le Roi du Plastique uses the weighted-average process-costing method. The following information is available.  lo1

REQUIRED 1. For each cost element, calculate equivalent units of

(a) beginning work in progress and

(b) work done in the current period.
2. Foreach cost element, calculate the equivalent units in ending work in progress.
3.

(a) For each cost element, calculate the percentage of completion of beginning work-in-progress stock and

(b) for each cost element, calculate the percentage of completion of ending work-in-progress stock.

Transcribed Image Text:

TRANSFERRED-IN DIRECT CONVERSION COSTS MATERIALS - COSTS EUR 45,000 Beginning work in progress at cost Cost per equivalent unit of beginning work in progress Costs added in current period Cost per equivalent unit of work EUR 90,000 EUR 6 done in current period EUR 5 EUR 58,500 EUR 57,000 EUR 57,200 EUR 6.50 EUR 3 EUR 5.20