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Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information:UnitsCosts44,000Beginning work in process (22% complete)Direct materials$ 31,00097,000$128,000Conversion costTotal cost of beginning work in process75,000?Number of units startedNumber of units completed and transferred to finished goodsEnding work in process (53% complete)Current period costsDirect materials75,000$100,000153,000$ 253,000Conversion costTotal current period costs

Question

how would I reconcile the total cost of work in process?

Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information:
Units
Costs
44,000
Beginning work in process (22% complete)
Direct materials
$ 31,000
97,000
$128,000
Conversion cost
Total cost of beginning work in process
75,000
?
Number of units started
Number of units completed and transferred to finished goods
Ending work in process (53% complete)
Current period costs
Direct materials
75,000
$100,000
153,000
$ 253,000
Conversion cost
Total current period costs
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Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Units Costs 44,000 Beginning work in process (22% complete) Direct materials $ 31,000 97,000 $128,000 Conversion cost Total cost of beginning work in process 75,000 ? Number of units started Number of units completed and transferred to finished goods Ending work in process (53% complete) Current period costs Direct materials 75,000 $100,000 153,000 $ 253,000 Conversion cost Total current period costs

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check_circleAnswer
Step 1

Compute theEquivalent units:

 

% Completed with % Completed Equivalent
Physical Units respect to direct with respect to Units Direct|Conversion
Conversion
Material
material
A
В
C
Ахв
АхС
Units Completed
Ending Inventory
44000
100%
100%
44000
44000
75000
119000
75000
100%
53%
39750
Total
83750
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% Completed with % Completed Equivalent Physical Units respect to direct with respect to Units Direct|Conversion Conversion Material material A В C Ахв АхС Units Completed Ending Inventory 44000 100% 100% 44000 44000 75000 119000 75000 100% 53% 39750 Total 83750

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Step 2

Calculation of cost per equivalent un...

Direct Material Conversion
Beginning Work in process
31000
97000
153000
250000
100000
Current Period Cost
Total cost to account for (X)
131000
83750
Total Equivalent Units (Y)
Cost per equivalent Unit
[/(Y
119000
1.10084
2.98507
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Direct Material Conversion Beginning Work in process 31000 97000 153000 250000 100000 Current Period Cost Total cost to account for (X) 131000 83750 Total Equivalent Units (Y) Cost per equivalent Unit [/(Y 119000 1.10084 2.98507

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