QUESTION 8:

J Booth Company produces a product that passes through an assembly process and a finishing process. All manufacturing costs are added uniformly for both processes. The following information was obtained for the assembly department for March:

a. WIP, March 1, had 27,000 units (20 percent completed) and the following costs:

Direct materials	$357,600
Direct labour	217,500
Overhead applied	156,800

b. During March, 138,400 units were added to production, and the following costs were added to production:

Direct materials	$737,000
Direct labour	524,000
Overhead applied	468,000

c. On March 31, there were 31,700 partially completed units in process. These units were 40 percent complete.

Required:

a production report for the assembly department for March using the weighted average method of costing. The report should disclose the physical flow of units, equivalent units, and unit costs and should track the disposition of manufacturing costs. Round "Per unit cost" values to four decimal places.

Jbooth Company
Assembly Department Production Report
For March (Weighted Average Method)
Unit Information
Physical flow: Units to account for:
Units in beginning WIP	_________
Units started	_________
Total units	_________
Units accounted for:
Units completed	_________
Units in ending WIP	_________
Total units	_________
Equivalent units:
	Materials	Conversion
Completed	_________	_________
EWIP	_________	_________
Total	_________	_________
Cost Information
Costs to account for:
	Materials	Conversion
BWIP	$_________	$_________
Added	_________	_________
Total	$_________	$_________
Grand total	$_________
Per unit cost:
Materials		$_________
Conversion		_________
Total		$_________
Costs accounted for:
Units transferred out		$_________
EWIP - material		_________
Conversion		_________
		$_________

QUESTION 9:

Da Silva Company produces a variety of stationery products. One product, sealing wax sticks, passes through two processes: blending and moulding. The weighted average method is used to account for the costs of production. After blending, the resulting product is sent to the moulding department, where it is poured into moulds and cooled. The following information relates to the blending process for August:

a. Work in Process on August 1, had 20,000 kilograms, 20 percent complete. Costs associated with partially completed units were:

Materials	$220,000
Direct labour	30,000
Overhead applied	10,000

b. Work in Process on August 31, had 30,000 kilograms, 70 percent complete.

c. Units completed and transferred out totalled 500,000 kilograms. All inputs are added uniformly, and costs added during the month were:

Materials	$5,610,000
Direct labour	3,877,500
Overhead applied	1,292,500

Required:

1a. a physical flow schedule.

Units to account for:
Units in beginning work in process	__________
Units started	__________
Total units	__________
Units accounted for:
Units completed	__________
From ending work in process	__________
Total units	__________

1b. an equivalent unit schedule.

Units completed	__________
Units in ending work in process	__________
Total equivalent units	__________

2. Calculate the unit cost, rounded to two decimal places. $__________

3. Determine the cost of EWIP and the cost of goods transferred out.

Ending work in process	$__________
Goods transferred out	$__________

4. a cost reconciliation.

Costs to account for:
Beginning work in process	$__________
August costs	__________
Total to account for	$__________
Costs accounted for:
Transferred out	$__________
Ending work in process	__________
Total costs accounted for	$__________

5. Suppose that the materials added uniformly in blending are paraffin and pigment and that the manager of the company wants to know how much each of these materials costs per equivalent unit produced. The costs of the materials in BWIP are as follows:

Paraffin	$120,000
Pigment	100,000

The costs of the materials added during the month are also given:

Paraffin	$3,060,000
Pigment	2,550,000

an equivalent unit schedule with cost categories for each material.

	Paraffin	Pigment
Units completed	__________	__________
Units in ending work in process	__________	__________
Total equivalent units	__________	__________
Unit cost computation:
Costs in beginning work in process	$__________	$__________
Costs added	__________	__________
Total costs	$__________	$__________

Calculate the cost per unit for each type of material. Round your answers to the nearest cent.

Unit paraffin cost	$__________
Unit pigment cost	$__________