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E18.10

Accessory World makes floor mats for the automobile industry. Finished sets of mats must pass through two departments: Cutting and Coating. Large sheets of synthetic material are cut to size in the Cutting Department and then transferred to the Coating Department, where each set is sprayed with a chemical coating for improved durability. The following information pertains to May activity in the Cutting Department:

Cost data:

Total cost of beginning inventory on May 1 . . . . . . . . . . . . . . . . . ... . . . . . $ 44,800

Direct materials costs incurred in May . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . 200,000

Conversion costs incurred in May . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . 87,200

Physical units data:

Units in process, May 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. . ..... . . . . . 8,000 sets

Units started in May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . 50,000 sets

Units in process, May 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . 10,000 sets

Percentage of completion data:

Direct materials, May 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...... . . . . . . . 100%

Conversion, May 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........ . . . . . . 80

Direct materials, May 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...... . . . . . 100%

Conversion, May 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........ . . . . . 20

E. 18.11

The following information pertains to May activity in Accessory World's Coating Department:

Cost data:

Total cost of beginning inventory on May 1 . . . . . . . . . . . . . . . . . . . . . . . . . $45,300

Direct materials costs incurred in May. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,925

Conversion costs incurred in May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84,525

Cut sets transferred in during May. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,000

Physical units data:

Units in process, May 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000 sets

Units started in May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,000 sets

Units in process, May 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000 sets

Percentage of completion data:

Direct materials, May 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60%

Conversion, May 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80

Cut sets transferred in, May 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Direct materials, May 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70%

Conversion, May 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90

Cut sets transferred in, May 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?

Please see attachment

Formulas are in Blue, Green areas will need entries. A. Beginning Work in Process May 1 Units Started by Cutting Department Total Units in Process During May Less: Ending Work in Process (Enter negative amounts) Units transferred to Coating Department in May Less: Beginning Work in process May 1(Enter negative amounts) Units started and Completed in May 8,000 correct 50,000 58,000 10,000 48,000 (8,000) 40,000 B. Input Resources Required To finish beginning inventory in process May 1 Direct Materials (X,XXX units require 0% to Complete) Conversion (X,XXX units require 20% to Complete) To Start and Compete XX,XXX units in May To Start ending inventory in process May 31 Direct Materials (XX,XXX units 100% complete) Conversion (XX,XXX units 20% complete) Equivalent units of input Resources in May Direct Materials Conversion 40,000 1,600 40,000 10,000 50,000 2,000 43,600 C. Cost of Direct Materials and Conversion in May (Given in Problem) Equivalent units of resources in May (Part B) Cost per equivalent unit of input resources in May D. Work in Process: Coating Department Work in Process Cutting Department Record Transfer of (XX,XXX) units to cutting Department in May Cost of Beginning Inventory May 1 (Given in problem) May direct Materials (XX,XXX Equivalent Units X cost of Direct Materials Equivalent units in C) May Conversion Cost (XX,XXX Equivalent Units X Cost of Conversion Equivalent Unit in C) (Less Ending Inventory) E XX,XXX Equivalent Units of Direct Materials x Cost per equivalent unit Direct Conversion Materials 200,000 87,200 50,000 43,600 4.00 2.00 312,000 312,000 44,800 20,000 67,200 132,000 40,000 Correct X,XXX Equivalent Units of Conversion x Cost per equivalent unit 4,000 44,000 Correct Correct Formulas are in Blue, Green areas will need entries. A. Beginning Work in Process May 1 Units Started by Cutting Department (Transferred form Cutting Dept) Total Units in Process During May Less: Ending Work in Process (Enter negative amounts) Units transferred to Coating Department in May Less: Beginning Work in process May 1(Enter negative amounts) Units started and Completed in May 6,000 39,000 45,000 (9,000) 36,000 (6,000) 30,000 B. Input Resources Required To finish beginning inventory in process May 1 Cut Materials (X,000 units require 0% to Complete) Direct Materials (X,000 units require 40% to Complete) Conversion (X,000 units require 20% to Complete) To Start and Compete XX,000 units in May To Start ending inventory in process May 31 Cut Materials (X,000 units 100% complete) Direct Materials (X,000 units 70% complete) Conversion (X,000 units 90% complete) Equivalent units of input Resources in May Cut Materials Direct Materials 2,400 30,000 ### 9,000 6,300 39,000 38,700 C. Cost of cut Mats Transferred in (See 18.10 part d) Cost of Direct Materials incurred in May Cost of Conversion Incurred in May Equivalent units of resources in May (Part B) Cost per equivalent unit of input resources in May D. Work in Process: Coating Department Work in Process Cutting Department Record Transfer of (XX,000) units to cutting Department in May Cost of Beginning Inventory May 1 (Given in problem) May Cut Materials (XX,000 equivalent units in C) May direct Materials (XX,X00 (Less Ending Inventory) Equivalent Units X cost of Direct Materials Equivalent units in C) May Conversion Cost (XX,X00 (Less Ending Inventory) Equivalent Units X Cost of Conversion Equivalent Unit in C ) E Cut Direct Materials Materials 48,000 11,925 39,000 1.23 38,700 0.31 170,394 45,300 47,970 10,044 67,080 170,394 X,000 Equivalent Units of Cut Materials x Cost per equivalent unit in C X,X00 Equivalent Units of Direct Materials x Cost per equivalent unit in C X,X00 Equivalent Units of Conversion x Cost per equivalent unit in C May 31 Total Costs Assigned to Wrok in Process May 31 47,970 11,997 84,495 144,462 Conversion 1,200 30,000 8,100 39,300 Conversion 84,525 39,300 2.15 . 170,394