AutoSave TC Chapter 4 Excel Notes lsx Protected View File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit it's safer to stay in Protected View J8 X f Question How much dollar costs d 4 Step 1. Calculate equivalent units D G H 1 Q2: Smith Company reported the following activity in the Assembly 2 Department for the month of June: 3 Percent Completed 5 Units Materials Conversion 6 Work in process, June 1 7 300 40% 20% 2 Units started into production in June 9 6,000 10 Units completed and transferred out 5,400 11 of Department A during June 12 13 Work in process, June 30 900 60% 30% 14 15 Beginning Work in Process Inventory: 16 300 units 17 18 Materials: 40% complete $ 6,119 19 Conversion: 20% complete $ 3,920 Step 2. Calculate unit cost 20 21 22 23 24 Production started during June 6,000 units Production completed during June 5,400 units 25 $ Costs added to production in June Materials cost 118,621 Conversion cost 81,130 Stop Asso.costs to WP and Complet 900 units 14 Ending Work in Process Inventory: Materials: 60% complete Conversion: 30% complete 37 38 39 49 41 Note Implied Relationship M C To connue Beginning WP July 1 900 units 43 44 Cost Reconciliation Total costs of beginning WIP costs added Total Cost to be Accounted (MM) 02 HW Review HW Review Type here to search O ) M H Assembly N o Q Question How much dollar costs do they carry the 900 units WP, 6/30, and the 5,400 Units completed, respectively Step Caldate equivalentenis Completed s Conversion 205 Materials (Labor-OH) Conversion aa bb CC 30% Step 2. Calestanit.coat Materals Conversion units dd ee 119 920 MM ts its from cc Step Asign.couts to WP and Completed Materials Conversion Total fraa units 99-b NN M To contin Beginning WIP, July 1 900 units from 99 Cost Reconciliation Total costs of beginning WIP + costs added to - Total Cost to be Accounted (MM) - Total costs of ending WIP costs of completed Total Cost Accounted (NN HW Review O 3 G