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TASK #2 PRODUCT LINE PRODUCTION REPORT-PREMIUM MODEL Total Units for the Year Premium Model % Complete as to Direct Materials % complete as to conversion Units Started BB, units EB, units ompleted Legencd 199 BB Beginning Balance 100% EB= Ending Balance 100% 200 100% 50% 100% 50% Total Dollars for the Year In Beg. Balance, WIP Added to WIP during the year DM Conversion 3,600.00S 976.95 5 180,000.00 $ 97,450.29 Directions: E45 E32 x F42 Product-Line Production Report Premium Model 1. Physical flov of units E47 E33 D42 Physical Units Work in Units started Total units to account for E51 E45 ES2 E49 Check ES3-$282,02723 Units complete and transferred out during Year Work in prooess Total units acoounted for , EB E22 = D4 Hint: E19 and E23 should be equal. 2. Caloulation of equivalent units % of Completion | % of Completion Equivalent Units E17 For DM B29 E18 C28 C Physical Units For Conversion Direct Materia Conversion Work in Units started d Total units to account for ss, BB B32 E4; ES; D32 ES C32 Units c Work in process, EB Total units accounted fo Total equivalent units d and transferred out ompleted E35 E32 + E33; F35 F32+ F33 Check E35 204; F35 201 50 3. Computation of unit costs Work in process, $in BB Costs incurred d Total caststo account for Direct Material Conversion Total Directions: D38 B9 E38 C9: F38 D38+E38 039 B 10; E39 C10; F39 D39 + E39 uringYear D41 E35; E41 F35 Check F42 1388.47 tunits Costs ivalent unit 4. Analysis of total costs Costs of Cost remaining in EB work-in-process inwento s completed and transferred out Year Direct material: Conversion: Total oost of EB work Check: Cost of goods transferred out Cost of EB work Total costs accounted for rocess inwent