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Process costing: number of units completed and transfered, total equivalent units of production, cost per equivalent unit, total costs of units completed and transfered, ending
Process costing: number of units completed and transfered, total equivalent units of production, cost per equivalent unit, total costs of units completed and transfered, ending work-in-process.
This is for a review im doing, if you could show your work I would appreciate it. Im going to be using this to check against the work im doing, and I want to know how to fix something if i get it wrong. If you could make it easy to determine what answer goes where i woudl appreciate it. Thank you!
Question 2: Process Costing The following data refer to a production center of Coca-Cola, a soft drink bottler: Work in Process Inventory, August 1, 8.000 units (units equal 12-bottle cases Direct materials 15,000 Direct labor 8.500 Manufacturing overhead applied 5.500 29.000 Units started in August 12,000 Costs incurred in August. Direct materials 30,000 Direct labor 48.000 Manufacturing overhead applied 21,250 The beginning inventory was 100% complete for materials and 45% complete for conversion costs. The ending inventory on August 31 consisted of 5,000 units (100% complete for materials, 40% complete for conversion costs) Compute the following: 1. Number of units completed and transferred to finished goods inventory 2. The total equivalent units of production for materials and conversion costs using the average cost method a. Materials b. Conversion 3. Cost per equivalent unit for materials and conversion costs: a. Materials b. Conversion 4. Total cost of units completed and transferred to finished goods inventory: 5. Total cost of ending work. process inventoryStep by Step Solution
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