Scribd Logo
Upload

Welcome to Scribd!

  • 30 views

    120, 000 Equivalent Units of Production 106, 500

    Uploaded by

    Resty Villaroel
    This document discusses process costing problems involving multiple departments. It provides information on beginning and ending work in process inventory, units started and completed, equivalent units of production, and costs of materials and conversion for each department. Calculations are shown for determining cost per equivalent unit under FIFO and weighted average costing methods, as well as total costs accounted for between departments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    120, 000 Equivalent Units of Production 106, 500

    Uploaded by

    Resty Villaroel
    30 views3 pages
    This document discusses process costing problems involving multiple departments. It provides information on beginning and ending work in process inventory, units started and completed, equivalent units of production, and costs of materials and conversion for each department. Calculations are shown for determining cost per equivalent unit under FIFO and weighted average costing methods, as well as total costs accounted for between departments.

    Original Title

    Itas

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document discusses process costing problems involving multiple departments. It provides information on beginning and ending work in process inventory, units started and completed, equivalent units of production, and costs of materials and conversion for each department. Calculations are shown for determining cost per equivalent unit under FIFO and weighted average costing methods, as well as total costs accounted for between departments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    30 views3 pages

    120, 000 Equivalent Units of Production 106, 500

    Uploaded by

    Resty Villaroel
    This document discusses process costing problems involving multiple departments. It provides information on beginning and ending work in process inventory, units started and completed, equivalent units of production, and costs of materials and conversion for each department. Calculations are shown for determining cost per equivalent unit under FIFO and weighted average costing methods, as well as total costs accounted for between departments.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    \

    Process Costing- Performance

    Problem 1

    1. A.) FIFO
    Materials Conversion Cost
    Beginning Work in Process Inventory 0 7, 500
    Units started and completed 90, 000 90, 000
    Ending Work in Process Inventory 30, 000 9, 000
    Equivalent Units of Production 120, 000 106, 500

    B.) Weighted Average


    Materials Conversion
    Transferred Out 100, 000 100, 000
    Ending Inventory 30, 000 9, 000
    Equivalent Units of Production 130, 000 109, 000

    2. A.) FIFO
    Materials Conversion Cost
    Costs 33, 000 109, 695
    Divided by: Equivalent Units 120, 000 106, 500
    .275/eq. unit 1.03/eq. unit
    Total cost/eq, unit 1.305/eq. unit

    B.) Weighted Average


    Materials Conversion Cost
    Costs 35, 100 111, 725
    Divided by: Equivalent Units 130, 000 109, 000
    .27/eq. unit 1.25/eq. unit
    Total cost/eq, unit 1.295/eq. unit

    3. A.) FIFO
    Beginning Work in Process 4, 130
    To Complete 7, 725
    11, 855
    Started and Completed (90k x 1.305) 117, 450
    Total cost transferred out 129, 305

    Ending work in process


    30, 000 x .275 8, 250
    9, 000 x 1.03 9, 270
    17, 520
    Total cost accounted for 146, 825

    B.) Weighted Average


    Beginning Inventory- Completed
    100, 000 x 1. 295 129, 500
    Ending Work in Process
    30, 000 x .27 8, 100
    9, 000 x 1.025 9, 225
    17, 325
    Total cost transferred out 146, 825

    Problem 2

    A. Cooking Department
    Materials Conversion Cost
    Transferred out 17, 100 17, 100
    Work in Process, Ending 2, 400 1, 440
    Total equivalent units of production 19, 500 18, 540

    Packaging Department
    Transferred In Materials Conversion Cost
    Transferred out 17, 600 17, 600 17, 600
    Work in Process, Ending 500 400 400
    Total equivalent units of production 18, 100 18, 000 18, 000

    B. Cooking Department
    Materials Conversion Cost
    Work in Process Beginning 0 3, 150
    Transferred from cooking 12, 600 12, 600
    Work in Process Ending 2, 400 1, 440
    Total equivalent units of production 15, 000 17, 190

    Packaging Department
    Transferred In Materials Conversion Cost
    Work in Process Beginning 0 100 200
    Transferred from cooking 16, 600 16, 600 16, 600
    Work in Process Ending 500 400 400
    Total equivalent units of production 17, 100 17, 100 17, 200

    Problem 3

    A. )
    Conversion
    Materials Costs
    Units transferred out 46, 500 46, 500
    Stage of completion of ending inventory 9, 000 3, 000
    Less: Units in Process, December 1 8, 000 6, 000
    Finished Equivalents 47, 000 43, 500

    B. Since the material goes in at the 50%


    point in the second department and the
    ending WIP inventory is only at 20%
    point, full units are the same as the
    material equivalent of 44, 500, provided
    that units started plus units starting WIP
    are equal to units complete plus ending
    WIP 10, 000+46, 500+44,500=12, 000
    units ending WIP

    C.
    Preceding Department Conversion
    Cost Materials Cos
    Units of Chemical Y added in
    Department B 44, 500 44, 500 44, 500
    Stage of completion of ending inventory 12, 000 0 2, 400
    Less: Units in Process, December 1 10, 000 0 3, 000
    Finished Equivalents 46, 500 44, 500 43, 900

    You might also like