B View 125% Zoom Add Category Problem A Problem B Problem D 7 C D B B Insert Table Chart Text Shape Madia Comment Collab Problem B The following information relates to Aromatic Company for its line of perfume products for the month ended March 31: 4 Units in beginning inventory (units equal cases of product) 2,700 units 6 6 Cost of units in beginning inventory: 2 Materials Conversion 9 Units placed in production $40,500 $18,900 54,000 units 10 11 Cost incurred during current period: Materials $239,598 3 Conversion $215,310 4 Units remaining in ending inventory 5 (100% complete as to materials, 60% complete as to conversion) 3,000 units Problem B Costs Charged to Production Costs of beginning goods in process Direct Materials Costs incurred this period Total costs to account for Fill in All Yellow Spaces!! Aromatic Company Process Cost Summary For Month Ended March 31 H 42 points Conversion Costs (DL OHD) 40.500 (given) 10.900 $ 59,400 Shaded is fous added for you Direct Materials 230.00 Conversion Costs (DL OHD) . 215.310 454,908 Shaded is formed for you 514.308 Shaded is formula added for you Part 1) Compute Number of units completed and transferred out REMEMBER: Beginning Work in Process Units Units Started Units Transferred Out Ending Work in Process Units Unit Cost Information Units to account for Units accounted for (56200-3,000) 23 24 25 Aromatic Company Process Cost Summary For Month Ended March 31 26 27 Costs Charged to Production 20 Costs of beginning goods in process 20 30 31 Costs incurred this period 32 Direct Materials Conversion Costs (DL + OHD) Direct Materials 33 34 Total costs to account for 40.500 (given) 18.900 $ 59,400 Shaded for you 230,508 Conversion Costs (DL OHD) 215.310 454,908 Shada famed for you 514,308 Shaded is Ammus added for you 35 30 37 Part 1) Compute Number of units completed and transferred out: 38 39 Unit Cost Information 40 Units to account for REMEMBER: Beginning Work in Process Units Units Started Units Transferred Out Ending Work in Process Units Units accounted for 41 Beginning goods in process 42 Units started this period 43 Total units to account for 44 45 (56.700-3000) 2.700 54,000 Completed and transferred out 2,700 (total units to account for units 56,700 Ending goods in process Total units accounted for 3,000 5,700 Shaded is formula added for Remember these have to equal. 48 47 48 Part 2: Compute Equivalent Units of Production Equivalent Units of Production (EUP) 49 50 Units completed and transferred out 100% DM Conversion Costs (DL+OHD) 50.700 ceee calculation in part 1) 51 52 Units of ending goods in process 53 54 Direct materials Units 3.000 % Comp 100% 3,000 55 Conversion Costs (DL+OHD) 3,000 60% 1.000 56 Equivalent units of production 51,000 57 58 Part 3: Compute Cost per Equivalent Units of Production. 59 Cost per Equiv Unit of Production 60 Costs of beginning goods in process 62 Costs incurred this period 63 Total costs DM 1,800 $1,800 64 (divide by) Total Equivalent Units of Prod 65 Cost per Equiv Unit of Production Conversion Costs (DL+OHD) $0 Shaded is formula added for you from total equivalent units calcubed above und to the closets cent 2 decimal places) 66 67 Part 4: Compute Cost of units completed and transferred out and ending inventory. Conversion costs (ULUHUJ 56 Equivalent units of production 57 58 Part 3: Compute Cost per Equivalent Units of Production. 59 Cost per Equiv Unit of Production 00 61 Costs of beginning goods in process 62 Costs incurred this period Total costs 4 divide tv Teal Eavaient Units of Prod 0 OUT 51.000 36 65 Cost per Equiv Unit of Production Part 4 Compute Cost of units completed and transferred out and ending inventory 38 Cost Assignment and Reconciliation 10 EUP Cost per EUP 70 Costs transferred out (cost of goods manufactured) Direct materials 2 Conversion Costs (DL OHD) "4 Costs of ending goods in process . Direct materials 6 Conversion Costs (DL+OHD) 7 Total costs accounted for 10 T . DM Conversion Costs (DL OHD) 1.000 $1,800 $0 Shaded formula added for you from rutal equivalend unts caused above round to the closets (decimal places Journal Entry: Enter journal entry to record moving goods from Work in Process to Finished Goods (also Cost of Goods Manufactured) 5 Finished Goods Inventory Work in Process Inventory Debit Credit Shaded is faded for you Shaded is formede added for you Shaded is founded for you