Answer ex. 21-14 and ex.21-17

The following information concerns productions in the forging department for June. All direct materials are placed into the process at the beginning of productions, and conversion cost are incurred evenly throughout the process. The work in process beginning inventory

1014 Chapter 21 Process Cost Systems ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jun. 1 Bal., 7,500 units, 60% completed 98,850 30 Direct materials, 68,000 units 761,600 860,450 30 Direct labour 83,380 943,830 30 Factory overhead 117,300 1,061, 130 30 Goods transferred, 2 units .JJ 30 Bal., 6,000 units, 70% completed a. Determine the number of units transferred to the next department. b. Determine the costs per equivalent unit of direct materials and conversion. c. Determine the cost of units started and completed in June. EX 21-15 Based on the data in Exercise 21-14, determine the following: Costs per equivalent unit and production a. Cost of work in process beginning inventory completed in June. costs b. Cost of units transferred to the next department during June. objs. 2, 4 c. Cost of work in process ending inventory on June 30. d. Costs per equivalent unit of direct materials and conversion included in the June 1 a. $107,550 beginning work in process. e. The June increase or decrease in costs per equivalent unit for direct materials and conversion from the previous month.EX 21-17 Prepare a cost of production report for the Cutting Department of Permia-Wear Carpet Cost of production Company for October 2010, using the following data and assuming that all materials report are added at the beginning of the process: obj. 2 Work in process beginning inventory, October 1, 6,000 units, 75% completed $ 62,250* *Direct materials (6,000 X $7.60) $45,600 Conversion (6,000 X 75% X $3.70) 16,650 $62,250 / Conversion cost Materials added during October from Weaving Department, 162,000 units $1,215,000 per equivalent unit, Direct labour for October 362,080 $3.50 Factory overhead for October 191,550 Goods finished during October (includes goods in process, October 1), 160,400 units Work in process ending inventory, October 31, 7,600 units, 30% completed NEL