Materials Conversion costs -60% complete Total units Value 3.500 55.500 Value 7 Total Direct materials cost Value Value Work in proces, March 1 Costs added to production during June Total Equivalent Units Unit Cost Como Value Vali 2 7 Value 2 7 x Unit Value nitrost Valur > Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, March 31 Materials Conversion costs Total costs Value Value Value V Value Value 760CH-WSLFKP TPgF Google bilo : Solution Equivalent Units Materials Conversion Costs 50196 30 Physical Units $2.000 53.500 Completed and transferred out Ending work in process Materials Conversion costs -60% complete Total units Value 12 33 Value 3.500 55.500 55 Total 37 Permatascos Value Value 19 10 Work in process, March 1 costs added to production during June Total Equivalent Units Unit Cost Convegno Value Vale 2 Value 2 2 Value ? 2 13 Unit Unit Value 35 36 Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, March 31 Materials Conversion costs Value Value Value Value Value Value or 0 ENG (0) in ga STO Mkurphy Painting Company has the following production data for March Production Data Beginning Work in Process % Complete as to Month Unit Conversion Coat Merch 2.000 50% Units Completed and transferred Out 4,000 Ending Work in Process 5 Complete as to Unit Conversion Cont 3.500 605 CostData WORKIN PROCESS FINISHING Balance, March 1 8.000 Transferred out Materials 1.800 Labor 3.800 Overhead 2.800 Balance 2 The beginning work in process had conversion costs of $3,300. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process The Finishing Department uses a process cost accounting system and a weighted average cost flow assumption 4 ar Google bil P A 88 Problem 4 Mkurphy Painting Company has the following production data for March Production Data Beginning Work in Process Complete as to Month Units Conversion Cost March 2.000 50% Units Completed and transferred Out 4.000 Ending Work in Process % Complete sto Units Conversion Cost 3.500 60% Cost Data 2 WORK IN PROCESS FINISHING Balance March 8.000 Transferred out Materials 1.800 Labor 3.800 Overhead 2,800 Balance The beginning work in process had conversion costs of $3,300. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. The Finishing Department uses a process cost accounting system and a weighted-average cost fow assumption Instructions (1) Computo equivalent units of production for March for both materials and conversion costs. (2) Computo unit costs and prepare a cost reconciliation schedule. + - ol J ENG 40) ST/-/ Materials Conversion costs -60% complete Total units Value 3.500 55.500 Value 7 Total Direct materials cost Value Value Work in proces, March 1 Costs added to production during June Total Equivalent Units Unit Cost Como Value Vali 2 7 Value 2 7 x Unit Value nitrost Valur > Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, March 31 Materials Conversion costs Total costs Value Value Value V Value Value 760CH-WSLFKP TPgF Google bilo : Solution Equivalent Units Materials Conversion Costs 50196 30 Physical Units $2.000 53.500 Completed and transferred out Ending work in process Materials Conversion costs -60% complete Total units Value 12 33 Value 3.500 55.500 55 Total 37 Permatascos Value Value 19 10 Work in process, March 1 costs added to production during June Total Equivalent Units Unit Cost Convegno Value Vale 2 Value 2 2 Value ? 2 13 Unit Unit Value 35 36 Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, March 31 Materials Conversion costs Value Value Value Value Value Value or 0 ENG (0) in ga STO Mkurphy Painting Company has the following production data for March Production Data Beginning Work in Process % Complete as to Month Unit Conversion Coat Merch 2.000 50% Units Completed and transferred Out 4,000 Ending Work in Process 5 Complete as to Unit Conversion Cont 3.500 605 CostData WORKIN PROCESS FINISHING Balance, March 1 8.000 Transferred out Materials 1.800 Labor 3.800 Overhead 2.800 Balance 2 The beginning work in process had conversion costs of $3,300. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process The Finishing Department uses a process cost accounting system and a weighted average cost flow assumption 4 ar Google bil P A 88 Problem 4 Mkurphy Painting Company has the following production data for March Production Data Beginning Work in Process Complete as to Month Units Conversion Cost March 2.000 50% Units Completed and transferred Out 4.000 Ending Work in Process % Complete sto Units Conversion Cost 3.500 60% Cost Data 2 WORK IN PROCESS FINISHING Balance March 8.000 Transferred out Materials 1.800 Labor 3.800 Overhead 2,800 Balance The beginning work in process had conversion costs of $3,300. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. The Finishing Department uses a process cost accounting system and a weighted-average cost fow assumption Instructions (1) Computo equivalent units of production for March for both materials and conversion costs. (2) Computo unit costs and prepare a cost reconciliation schedule. + - ol J ENG 40) ST/-/