Beginning work in process inventory: Units in process 200 Completion with respect to materials 55% Completion with respect to conversion 30% Costs in the beginning work in process inventory: Materials cost $9,600 Conversion cost $5,575 Units started into production during the period 5,000 Costs added to production during the period: Materials cost $368,600 Conversion cost $350,900 Ending work in process inventory: Units in process 400 Completion with respect to materials 40% Completion with respect to conversion 25% Enter a formula into each of the cells marked with a ? below Weighted Average method: Equivalent Units of Production Materials Conversion Units transferred to the next department ? ? Equivalent units in ending work in process inventory: Materials ? Conversion ? Equivalent units of production ? ? Costs per Equivalent Unit Materials Conversion Cost of beginning work in process inventory ? ? Costs added during the period ? ? Total cost ? ? Equivalent units of production ? ? Cost per equivalent unit ? ? Costs of Ending Work in Process Inventory and the Units Transferred Out Materials Conversion Total Ending work in process inventory: Equivalent units ? ? Cost per equivalent unit ? ? Cost of ending work in process inventory ? ? ? Units completed and transferred out: Units transferred to the next department ? ? Cost per equivalent unit ? ? Cost of units transferred out ? ? ? Cost Reconciliation Costs to be accounted for: Cost of beginning work in process inventory ? Costs added to production during the period ? Total cost to be accounted for ? Costs accounted for as follows: Cost of ending work in process inventory ? Cost of units transferred out ? Total cost accounted for ?
Beginning work in process inventory: Units in process 200 Completion with respect to materials 55% Completion with respect to conversion 30% Costs in the beginning work in process inventory: Materials cost $9,600 Conversion cost $5,575 Units started into production during the period 5,000 Costs added to production during the period: Materials cost $368,600 Conversion cost $350,900 Ending work in process inventory: Units in process 400 Completion with respect to materials 40% Completion with respect to conversion 25% Enter a formula into each of the cells marked with a ? below Weighted Average method: Equivalent Units of Production Materials Conversion Units transferred to the next department ? ? Equivalent units in ending work in process inventory: Materials ? Conversion ? Equivalent units of production ? ? Costs per Equivalent Unit Materials Conversion Cost of beginning work in process inventory ? ? Costs added during the period ? ? Total cost ? ? Equivalent units of production ? ? Cost per equivalent unit ? ? Costs of Ending Work in Process Inventory and the Units Transferred Out Materials Conversion Total Ending work in process inventory: Equivalent units ? ? Cost per equivalent unit ? ? Cost of ending work in process inventory ? ? ? Units completed and transferred out: Units transferred to the next department ? ? Cost per equivalent unit ? ? Cost of units transferred out ? ? ? Cost Reconciliation Costs to be accounted for: Cost of beginning work in process inventory ? Costs added to production during the period ? Total cost to be accounted for ? Costs accounted for as follows: Cost of ending work in process inventory ? Cost of units transferred out ? Total cost accounted for ?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 15E: Costs per equivalent unit and production costs Based on the data in Exercise 17-14, determine the...
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Question
Beginning work in process inventory: | |||
Units in process | 200 | ||
Completion with respect to materials | 55% | ||
Completion with respect to conversion | 30% | ||
Costs in the beginning work in process inventory: | |||
Materials cost | $9,600 | ||
Conversion cost | $5,575 | ||
Units started into production during the period | 5,000 | ||
Costs added to production during the period: | |||
Materials cost | $368,600 | ||
Conversion cost | $350,900 | ||
Ending work in process inventory: | |||
Units in process | 400 | ||
Completion with respect to materials | 40% | ||
Completion with respect to conversion | 25% | ||
Enter a formula into each of the cells marked with a ? below | |||
Weighted Average method: | |||
Equivalent Units of Production | |||
Materials | Conversion | ||
Units transferred to the next department | ? | ? | |
Equivalent units in ending work in process inventory: | |||
Materials | ? | ||
Conversion | ? | ||
Equivalent units of production | ? | ? | |
Costs per Equivalent Unit | |||
Materials | Conversion | ||
Cost of beginning work in process inventory | ? | ? | |
Costs added during the period | ? | ? | |
Total cost | ? | ? | |
Equivalent units of production | ? | ? | |
Cost per equivalent unit | ? | ? | |
Costs of Ending Work in Process Inventory and the Units Transferred Out | |||
Materials | Conversion | Total | |
Ending work in process inventory: | |||
Equivalent units | ? | ? | |
Cost per equivalent unit | ? | ? | |
Cost of ending work in process inventory | ? | ? | ? |
Units completed and transferred out: | |||
Units transferred to the next department | ? | ? | |
Cost per equivalent unit | ? | ? | |
Cost of units transferred out | ? | ? | ? |
Cost Reconciliation | |||
Costs to be accounted for: | |||
Cost of beginning work in process inventory | ? | ||
Costs added to production during the period | ? | ||
Total cost to be accounted for | ? | ||
Costs accounted for as follows: | |||
Cost of ending work in process inventory | ? | ||
Cost of units transferred out | ? | ||
Total cost accounted for | ? |
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