Question
PLEASE Highlight or make BOLD the answers answer has been attempted twice already - please help me figure it out all in red are wrong
PLEASE Highlight or make BOLD the answers
answer has been attempted twice already - please help me figure it out
all in red are wrong
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(C)
Assume that beginning work in process consists of 1,100 units valued at $ 10,302 ($ 4,500 are materials). The units are 40% complete as to conversion costs. Materials costs are unchanged, labor costs are $ 115,410 and manufacturing overhead costs are $ 53,500. *Determine the equivalent units of production for materials and conversion costs.
*Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process.
*Complete Cost Reconciliation Schedule
Current Attempt in Progress The Sanding Department of Kaiden Company has the following production and cost data for November. Production 1. Started and completed 9,800 units. 2. Started 2,800 units that are 80% completed at November 30. Costs Beginning work in process $-0- Materials 61,740 Labor 132,440 Manufacturing Overhead 48,160 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Kaiden Company uses the FIFO method to compute equivalent units. (c) Your answer is partially correct. Assume that beginning work in process consists of 1,100 units valued at $ 10,302 ($ 4,500 are materials). The units are 40% complete as to conversion costs. Materials costs are unchanged, labor costs are $ 115,410 and manufacturing overhead costs are $ 53,500. Determine the equivalent units of production for materials and conversion costs. Equivalent Units Materials 12600 Conversion costs 11600 Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round unit costs to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125.) Material costs $ 4.90 Conversion costs $ 14.56 Total unit costs $ 19.46 Kaiden Company Cost Reconciliation Schedule Costs accounted for: Work in process, November 1st Materials $ 42630 Conversion Costs 126672 $ 169302 Transferred out 169302 Work in process, November 30th Materials $ 13720 Conversion Costs 32614 46334 Total costs 215636 (c) Your answer is partially correct. Assume that beginning work in process consists of 1,100 units valued at $ 10,302 ($ 4,500 are materials). The units are 40% complete as to conversion costs. Materials costs are unchanged, labor costs are $ 115,410 and manufacturing overhead costs are $ 53,500. Determine the equivalent units of production for materials and conversion costs. Equivalent Units Materials 12600 Conversion costs 12040 Compute unit costs and show the assignment of manufacturing costs to units transferred out and in work in process. (Round unit costs to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125.) Material costs $ 4.90 Conversion costs $ 15.00 Total unit costs $ 19.90 Kaiden Company Cost Reconciliation Schedule Costs accounted for: Work in process, November 1st Materials 48020 Conversion Costs 147000 $ 195020 Transferred out 195020 Work in process, November 30th Materials $ 13720 Conversion Costs 33600 47320 DO Total costs 242340Step by Step Solution
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