Unit II - Costs of orders in manufacturing and service companies & Cost of processes Task 2.2 - Troubleshooting (Value: 10 points) Instructions: Solve the following problems. (Problem #1 is worth 3 points. Problem #2 is worth 7 points.) Submit your homework, including calculations, on the forum corresponding, during this week. 1. Five material requests (MRs) were received in the San Juan materials warehouse during the first week of 2017, as follows: a. MR101 for direct materials for job number 1501- $250 b. MR102 for direct materials for job number 1502 - $350 c. MR103 for indirect materials issued to factory plant - $100 d. MR104 for direct materials for job number 1501 - $400 and. MR105 for direct materials for job number 1503 - $500 Prepare journal entries to record the release of these materials. 2. Company XX manufactures a single product in one department and uses a cost system of process. During the month of May, the following productive activity took place:

Units at the beginning of May 11,000 Initial units completed with respect to material 100% Initial units completed relative to conversion costs 60% Units that started in May 105,000 Units in progress as of May 31. 5,100 Final units completed with respect to material 100% Final units completed relative to conversion costs 70%

Cost information Initial inverntory Add Cost in Month May

Direct material $ 4,000 $ 76,040.00

Direct labor 200 8,957.60

General expenses 300 10,002.30

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Total $ 4,500 $ 94,999.90

a) Calculate the cost per equivalent unit for each of the three cost units. and in total. b) Compute the cost of the units completed in May and the cost at the end of the year. inventory in progress.