Question
Sandhill Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning, and conversion costs are incurred uniformly. Production
Sandhill Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows.
Cutting Department | ||
---|---|---|
Production DataJuly | T12-Tables | |
Work in process units, July 1 | 0 | |
Units started into production | 24,000 | |
Work in process units, July 31 | 3,600 | |
Work in process percent complete as to conversion, July 31 | 60% | |
Cost DataJuly | ||
Work in process, July 1 | $0 | |
Direct materials used in July | 456,000 | |
Direct labor incurred in July | 281,280 | |
Manufacturing overhead assigned in July | 124,800 | |
Total | $862,080 |
(a1)
Compute the physical units of production.
T12 Tables | ||
---|---|---|
Units to be accounted for | enter a number of units |
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(a2)
Compute equivalent units of production for materials and for conversion costs.
Materials | Conversion Costs | |||
---|---|---|---|---|
Total equivalent units | enter a number of unit | enter a number of unit |
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(a3)
Determine the unit costs of production for July.
Materials | Conversion Costs | Total Costs | ||||
---|---|---|---|---|---|---|
Unit costs-T12 Tables | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount |
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(a4)
Show the assignment of costs to units completed and transferred out and to work in process for July.
T12 Tables | ||
---|---|---|
Costs accounted for: | ||
Completed and transferred out | $enter a dollar amount | |
Work in process | ||
Materials | $enter a dollar amount | |
Conversion costs | enter a dollar amount | enter a total amount |
Total costs | $enter a total amount
|
Prepare the production cost report for July 2022.
SANDHILL INDUSTRIES INC. Cutting Department Production Cost Report choose the accountimg period For the Year Ended July 31, 2022For the Month Ended July 31, 2022July 31, 2022 | ||||||||
---|---|---|---|---|---|---|---|---|
Equivalent Units | ||||||||
Quantities | Physical Units | Materials | Conversion Costs | |||||
Units to be accounted for | ||||||||
Work in process, July 1 | enter a dollar amount | |||||||
Started into production | enter a dollar amount | |||||||
Total units | enter a dollar amount | |||||||
Units accounted for | ||||||||
Completed and transferred out | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||||
Work in process, July 31 | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||||
Total units | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||||
Costs | Materials | Conversion Costs | Total | |||||
Unit costs | ||||||||
Total Costs | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | |||||
Equivalent units | enter a dollar amount | enter a dollar amount | ||||||
Unit costs | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | |||||
Cost Reconciliation Schedule | ||||||||
Costs to be accounted for | ||||||||
Work in process, July 1 | $enter a dollar amount | |||||||
Started into production | enter a dollar amount | |||||||
Total costs | $enter a dollar amount | |||||||
Costs accounted for | ||||||||
Completed and transferred out | $enter a dollar amount | |||||||
Work in process, July 31 | ||||||||
Materials | $enter a dollar amount | |||||||
Conversion costs | enter a dollar amount | enter a dollar amount | ||||||
Total costs | $enter a dollar amount |
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