Question
Please answer ASAP Complete the COPR below given the following data for EDC Corporation for the month ended March 2019. There are 290 units from
Please answer ASAP Complete the COPR below given the following data for EDC Corporation for the month ended March 2019.
There are 290 units from beginning work-in-process inventory that are assumed to be completed and transferred out during the period.
From the previous months, 477 physical units were completed during February. The weighted-average method assumes that of the 477 units, 187 units must have been started and completed during February.
The total physical units to be accounted for is 565 units.
For the beginning work-in-process inventory, associated direct materials cost is $28,300 and conversion cost is $9,100.
The total costs added from previous periods amount to the following: direct materials cost is $15,400 and conversion cost is $26,999.
For March, costs on material, labor, and overhead were incurred amounting to $10,000, $12,000, and $7,900, respectively. All of such costs are accounted for equally for both categories in the direct materials and conversion costs.
Work done for beginning work-in-process inventory follows through the weighted-average method. For started-to-process, work done for material costs is 100% while 80% for conversion costs. For ending work-in-process inventory, work done for material costs is 100% while 50% for conversion costs.
Keep your answers in whole numbers unless otherwise specified. Do not use commas.
EDC Corporation | |||||||
Cost of Production Report | |||||||
For the month ended March 30, 2019 | |||||||
Quantity schedule | Physical units | ||||||
WIP, beg | 290 | ||||||
STP during the current period | |||||||
Total units to be accounted for | 565 | ||||||
Finished and transferred to the next department | Physical units | WD_m | EP_m | WD_c | EP_c | ||
WIP, beg | 290 | % | % | ||||
STP | 100% | 80% | (2 decimals) | ||||
Total units transferred | 477 | ||||||
WIP, end | 100% | 50% | |||||
Total units as accounted for | 565 | 275 | 193.6 | ||||
Cost analysis | DM cost | Conversion cost | Amount | ||||
Cost WIP, beg | 28,300 | 9,100 | 37,400 | ||||
Cost from previous department | 15,400 | 26,999 | 42,399 | ||||
Cost incurred during the month | |||||||
Material | |||||||
Labor | |||||||
Overhead | |||||||
Total cost to be accounted for | 109,699 | ||||||
Cost per equivalent unit of work done to date | |||||||
Cost incurred to date | 58,650 | 51,049 | |||||
Total EP_m/EP_c | 275 | 193.60 | |||||
Cost per equivalent unit of work done to date | (2 decimals) | (2 decimals) | |||||
Finished and transferred to the next department | |||||||
WIP, beg | |||||||
Cost last month | |||||||
Cost this month | - | ||||||
STP | |||||||
Cost from previous department | |||||||
Cost this month | 90,453 | ||||||
Total cost of transfer | |||||||
WIP, end | |||||||
Cost from previous department | (2 decimals) | ||||||
Cost this month | |||||||
Total cost as accounted for | 109,699 |
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