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Please answer the questions below. I appreciate your help! Work In Process 10/1 - 16,000 units 6 Direct Material: 100% complete Conversion Cost: 10% complete
Please answer the questions below. I appreciate your help!
Work In Process 10/1 - 16,000 units 6 Direct Material: 100% complete Conversion Cost: 10% complete Balance WIP 10/1 $ $ 54,560 35,560 90,120 Units Started during October 100,000 units Units Completed & Transferred Out during Oct. 92,000 units Cost Incurred During October Direct Material $ 568,000 Conversion Costs: DL Overhead Costs $ S $ 500,000 74,040 574,040 Total conversion costs Work In Process Units, 10/31 Direct Material 24,000 units 100% complete 40% complete Conversion 1. Determine the physical flow of goods 2. Determine the equivalent units for material and conversion Step 1 - Physical Flow of Units Beginning WIP: Plus: Units Started Total Units to Account For 16,000 100,000 116,000 FORMULA Units Completed & Trans Out Ending WIP Total Units Accounted For FORMULA #VALUE! Step 2 - Calculation of Equivalent Units % of Complete Direct Material Conversion Equivalent Units DM Conversion 100% FORMULA Units Completed & Trans Out Ending WIP Total Units Accounted For 100% FORMULA FORMULA #VALUE! 100% FORMULA #VALUE! FORMULA
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