Following is a partial production cost report for Mitchell Manufacturing's Canning department Equivalent units of production (EUP) Completed and transferred out Ending Work in Process ost per EUP Units 80,000 12,000 Direct Materials Percent Complete 100% 100% Direct Matonials EUP 80,000 12,000 92,000 Percent Complete 100% Bet

Principles of Accounting Volume 2
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ISBN:9781947172609
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Chapter5: Process Costing
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Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...
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Following is a partial production cost report for Mitchell Manufacturing's Canning department
Equivalent units of production (EUP)
Completed and transferred out
Ending Work in Process
Cost per EUP
Cost of beginning work in process
Costs added this period
Total costs
+ Equivalent units of production
Cost per EUP
Units
80,000
12,000
Direct Materials
Percent
Complete
100%
100%
EUP
80,000
12,000
92,000
Direct Materials
$ 43,000
144,000
$187,000
92,000
$2.03 per EUP
total conversion costs transferred out of the Canning department equals:
Conversion
Percent
Complete
$ 63,200
193,600
$ 256,800
88,400
100%
Conversion
$ 2.90 per EUP
39,000
88,490
Transcribed Image Text:Following is a partial production cost report for Mitchell Manufacturing's Canning department Equivalent units of production (EUP) Completed and transferred out Ending Work in Process Cost per EUP Cost of beginning work in process Costs added this period Total costs + Equivalent units of production Cost per EUP Units 80,000 12,000 Direct Materials Percent Complete 100% 100% EUP 80,000 12,000 92,000 Direct Materials $ 43,000 144,000 $187,000 92,000 $2.03 per EUP total conversion costs transferred out of the Canning department equals: Conversion Percent Complete $ 63,200 193,600 $ 256,800 88,400 100% Conversion $ 2.90 per EUP 39,000 88,490
O
O
O
$256,300
$256,800.
$193,600.
$187.000.
$232,000.
Transcribed Image Text:O O O $256,300 $256,800. $193,600. $187.000. $232,000.
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