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Challenge Exercise 21-02 a-c (Part Level Submission) The Sanding Department of Bonita Company has the following production and cost data for November. Production 1. Started
Challenge Exercise 21-02 a-c (Part Level Submission) The Sanding Department of Bonita Company has the following production and cost data for November. Production 1. Started and completed 9,000 units. 2. Started 3,000 units that are 80% completed at November 30. Costs $-0 Beginning work in process Materials 53,400 Labor 125,400 Manufacturing Overhead 45,600 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Bonita Company uses the FIFO method to compute equivalent units. (a) Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Equivalent Units Materials 12000 Conversion costs 11400 Click if you would like to Show Work for this question: Open Show Work Your answer is correct. decimal places, e.g. 15.25.) Compute unit costs and show the assiqnment of manufacturing costs to units transferred out and in work in process. (Round answers to Material costs 4.45 Conversion costs 15 Total unit costs 19.45 Bonita Company Cost Reconciliation Schedule Costs accounted for: Transferred out 175050 Work process, November 30th Materials 13350 Conversion costs 49350 36000 Total costs 224400 Click if you would like to Show Work for this question: Open Show Work (c) Assume that beginning work in process consists of 1,000 units valued $10,728 ($4,900 are materials). The units are 40% complete ast conversion costs. Materials costs are unchanged, labor costs are $121,100 and manufacturing overhead costs are $51,700. Determine the equivalent units of production for materials and conversion costs. Equivalent Units Materials Conversion costs Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round unit costs to 2 decimal places, e.g. 15.25 and final answers to 0 decimalplaces, e.g, 125.) Material costs Conversion costs Total unit costs Bonita Company Cost Reconciliation Schedule Costs accounted for: Work in process, November 1st Materials # Conversion Costs Transferred out Total unit costs Bonita Cost Reconcil iation Schedule Costs accounted for Work in process, November 1st Materials Conversion Costs Transferred out Work in process, November 30th Materials Conversion Costs Total costs Open Show Work Click you would like to Show Work for this
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