B D G H 1 Process Costing: Graded Assignment 2 Name: 3 WIP-1 4 DM are added at the Beginning of WIP-1 5 cc costs are added evenly through the process of WIP-1 6 Unit data: # of Units 7. Beginning WIP inventory 0 8 Started in Production 36,000 9 Tranferred Out to WIP-2 22,000 10 Ending WIP Inventory 14,000 11. Ending Inv Percent completion 10% 12 Cost data: 19 Conversion Costs 14 DM DL MOH Total Costs 15 $46,800 $2,000 $35,440 $84,240 16 DETERMINE EQUIVALENT UNITS 17 DETERMINE COST PER EQUIV UNIT 18 ASSIGNMENT OF COSTS 19 WIP-2 20. DM are added at the End of WIP-2 21cc costs are added evenly through the process of WIP-2 22 Beginning WIP Inventory 12,000 23 Transferred in 24 Tranferred Out to FG 20,000 25 Ending WIP inventory 14,000 26. Ending in Percent completion 209 27 Cost data: 28 Conversion Costs 29 Trans in OM DL Total Costs 30 Betining Inventory s 55,200 SO $2,200 $6,200 $63,600 31 Transferred in and New costs 100,000 40,000 20,000 32 S 100.000 S 42,200 $ 26,200 33 DETERMINE EQUIVALENT UNITS 34 DETERMINE COST PER EQUIV UNIT 35 ASSIGNMENT OF COSTS