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Use the following information for the Exercises below. [The following information applies to the questions displayed below.) During April, the first production department of
Use the following information for the Exercises below. [The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 385,000 units of a product and transferred them to the next department. Of these transferred units, 77,000 were in process in the production department at the beginning of April and 308,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 99,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion. Exercise 16-9 Weighted average: Costs assigned to output and inventories LO C2 The production department had $1,332,034 of direct materials and $915,420 of conversion costs charged to it during April. Also, its April beginning inventory of $225,016 consists of $185,086 of direct materials cost and $39,930 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April. (Round "Cost per EUP" to 2 decimal places.) 3. Using the weighted-average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Required 1. and 2. Equivalent Units of Production (EUP)- Weighted Average Method Units completed and transferred out Units in ending inventory Equivalent units of production Cost per Equivalent Unit of Production Units % Materials EUP-Materials % Conversion EUP-Conversion 385,000 100% 99,000 90% 385,000 89,100 100% 385,000 40% 39,600 484,000 474,100 424,600 Materials Conversion Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Costs EUP Costs EUP Units completed and transferred out 385,000 100% 385,000 100% 385,000 Units in ending inventory 99,000 90% 89,100 40% 39,600 Equivalent units of production 484,000 474,100 424,600 Cost per Equivalent Unit of Production Materials: Conversion Total costs + Equivalent units of production i Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Costs Costs EUP EUP 0 0 Total costs to account for $ 0.00 Total costs accounted for Difference due to rounding cost/unit $ 0.00 Required 3. Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials $ 0.00 $ 0.00 $ 0.00 0.00 Conversion Total cost of ending work in process Total costs accounted for
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