31 33 The following production data were taken from the records of the Finishing Department for the month of June: converted inventory in process, June 1 (20 % complete as o conversion) 36 Completed units during June 37 Ending inventory (70% complete as to conversion) 800 4,000 71,000 5,000 3500 38 39 Complete the chart below and determine the number of equivalent units of production for materials and conversion for June 30. 40 Determine the cost per unlt f the Materials cost incurred was $95,000 & Conversion cost was $250,000 41 All materials were added at the beginning of the process. (8 points) 42 43 Units to be assigned costs Equivalent Units Whole Units Direct Materials Conversion 44 45 Inventory in process, June 1 46 Started and completed in June 47 Transferred to Packaging Dep 48 Inventory in process, June 30 49 Total units to be assigned costs 4000 800 71000 71000 75000 71800 ment in June 3500 78500 50 Costs 51 95000 52 Total cost for June 53 total equivalent units 54 cost per equivalent unit 250000 55 56 57 59 60 61 62 63 64 65 Canton Outdoor Equipment manufactures custom ondered kayaks Pleose show al ur work for fu ed The folowing infermation pertains to transactions relating to production in the menth of August Work in Procms Aug 1 4,000 ob 31 enly Balance Meterias and ber wapplied to the fowngbs in August Customer compted&n sold in August weas fows TT Completed Kavis sold Direct Laber Job No Quantity Direct Material lob No moh Aug in August 100 25.000 16,000 8.000 31 100 y 12 32 125 32.000 22,000 36,000 8.000 11.000 32 105 yes 11 33 150 45,000 18,000 4,000 ne 14 4 125 40,000 130 yes 15 16 Fectory Overhed apped at 50% of dt ebor cost 11 1 Compite the Job Order Cost Set 10 points 11 Job No Quantty 100 Aug 1 WIP 4.000 Direct Labor 16.000 Factory OH 8.000 49,000 11.000 65,000 18.000 $ 99,000 4,000 52000 41,000 $265000 20 Direct Materials Total Cost Units Sold 490 COGS Unit Cost 23 31 25,000 32,000 300 4.90 125 22 32 22,000 105 150 3 45,000 6.000 125 8.000 24 34 40000 110 82000 S 142000 $ 26 Cost of Goods Sold 27 Whet the ending (Aug 31) bolence (n dolen)in the Work in Process Account 4000 2 point 28 21 30Whets the mding (Aug. 31) balence (n dole)in the Finhed Goods Account 2 points 31 The followingE production data were taken from the records of the Finhing Department for the month of June converted Inventory in process, June 1 (20% complete as to convenion) Completed units during June 7 Ending inventory (70% complete as to convension) 4000 71,000 5000 800 3500 Complete the chert below and determhe the number of rquvalent unts of production for moteri and comversion for Aune 30 40 Determie the cost per unt rne Materih cost incurred was S9s,000&Conversion cost ws $25a,000 41 All materials were added at the beginning of the process (8 points) 31 33 The following production data were taken from the records of the Finishing Department for the month of June: converted inventory in process, June 1 (20 % complete as o conversion) 36 Completed units during June 37 Ending inventory (70% complete as to conversion) 800 4,000 71,000 5,000 3500 38 39 Complete the chart below and determine the number of equivalent units of production for materials and conversion for June 30. 40 Determine the cost per unlt f the Materials cost incurred was $95,000 & Conversion cost was $250,000 41 All materials were added at the beginning of the process. (8 points) 42 43 Units to be assigned costs Equivalent Units Whole Units Direct Materials Conversion 44 45 Inventory in process, June 1 46 Started and completed in June 47 Transferred to Packaging Dep 48 Inventory in process, June 30 49 Total units to be assigned costs 4000 800 71000 71000 75000 71800 ment in June 3500 78500 50 Costs 51 95000 52 Total cost for June 53 total equivalent units 54 cost per equivalent unit 250000 55 56 57 59 60 61 62 63 64 65 Canton Outdoor Equipment manufactures custom ondered kayaks Pleose show al ur work for fu ed The folowing infermation pertains to transactions relating to production in the menth of August Work in Procms Aug 1 4,000 ob 31 enly Balance Meterias and ber wapplied to the fowngbs in August Customer compted&n sold in August weas fows TT Completed Kavis sold Direct Laber Job No Quantity Direct Material lob No moh Aug in August 100 25.000 16,000 8.000 31 100 y 12 32 125 32.000 22,000 36,000 8.000 11.000 32 105 yes 11 33 150 45,000 18,000 4,000 ne 14 4 125 40,000 130 yes 15 16 Fectory Overhed apped at 50% of dt ebor cost 11 1 Compite the Job Order Cost Set 10 points 11 Job No Quantty 100 Aug 1 WIP 4.000 Direct Labor 16.000 Factory OH 8.000 49,000 11.000 65,000 18.000 $ 99,000 4,000 52000 41,000 $265000 20 Direct Materials Total Cost Units Sold 490 COGS Unit Cost 23 31 25,000 32,000 300 4.90 125 22 32 22,000 105 150 3 45,000 6.000 125 8.000 24 34 40000 110 82000 S 142000 $ 26 Cost of Goods Sold 27 Whet the ending (Aug 31) bolence (n dolen)in the Work in Process Account 4000 2 point 28 21 30Whets the mding (Aug. 31) balence (n dole)in the Finhed Goods Account 2 points 31 The followingE production data were taken from the records of the Finhing Department for the month of June converted Inventory in process, June 1 (20% complete as to convenion) Completed units during June 7 Ending inventory (70% complete as to convension) 4000 71,000 5000 800 3500 Complete the chert below and determhe the number of rquvalent unts of production for moteri and comversion for Aune 30 40 Determie the cost per unt rne Materih cost incurred was S9s,000&Conversion cost ws $25a,000 41 All materials were added at the beginning of the process (8 points)