N16 1 Enter titles and accounts in the green cells Enter Numbers in the blue cells 3 Enter your Calculations in the yellow cells 4 5 Unit 4 Process Costing 7 8 Reno Co has several processing departments. Costs charged to Department A for January totaled $265,500 9 WIP 1/1 10 Materials $13,500 11 Conversion costs 8000 $21,500 12 Materials added during the month 75,000 13 Labor added during the month 104,750 14 Overhead added during the month 64,250 15 16 Records indicated that 3,500 units were in beginning WIP 30% completed as to conversion costs. 17,500 units were started 17 into production and 4,000 units were in ending WIP 60% complete as to conversion costs. Materials are entered at the 18 beginning of each process. 19 20 Beginning Units 3,500 21 Started Units 17,500 22 Ending Units 4,500 23 Materials 100% complete 24 Conversion 70% complete 25 26 1. Determine the EUP (equivalent units of production) 27 2. Determine the assignment of costs to goods transferred out and in process 28 29 WIP Dept 1 Resources Problem 1 O Type here to search e XFeri unns completed and transferred out units of ending wip equivalent units 4. Determine Unit Costs Dir Materials Conversion Costs Beg Inventor Costs added this month Tell PUP BE Total Cost Units Cost per unit Total Cost per Unit 5. Allocate coats Assignment of costs Per Line Tom Finished Pr Journal Entry to transfer Work in Process Costs from Dept A to Dept B. CreditCHEborn 6. Determine Cost of ending WIP inventory EUP cost per EUP Total cost Direct material Conversion Costs total cost of ending work & process 7 Concept Check: WIP Dept 1 Debits Credits at Big Imentory .Materials 13,500 31 Beginning Conversion costs Dircomt material 75,000 Direct Labor 104,750 Overhead GA,250 ur Ending balance1 Enter titles and accounts in the green cells 2 Enter Numbers in the blue cells 1 Enter your Calculations in the yellow cells Unit 4 Process Costing Reno Co has several processing departments. Costs charged to Department A for January totaled $265,500 WIP 1/1 Materials $13,500 Conversion costs $21,900 13 Materials added during the month 75,000 a Labor added during the month 104,750 14 Overhead added during the month 64.250 15 Records indicated that 3,500 units were in beginning WIP 30% completed as to conversion costs. 17,500 units were started or into production and 4,000 units were in ending WIP 60% complete as to conversion costs Materials are entered at the In beginning of each process. Beginning Units Started Units 17,500 Ending Units 4 500 Materials 100% complete Conversion 70% complete 18 1. Determine the EUP [equivalent units of production) 17 2. Determine the assignment of costs to goods transferred out and in process WIP Dept 1 Type here In wraith M