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Walton Company had 400 units of product in work in process inventory at the beginning of the period. It started 1,200 units during the period and transferred 1,000 units to finished goods inventory. The ending work in process inventory was estimated to be 60 percent complete. Cost data for the period follow: Beginning balance Added during period Total Product Costs $ 27,520 56,800 $ 84,320 Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. c. Calculate the total cost allocated between ending work in process inventory and finished goods inventory.

Walton Company had 400 units of product in work in process inventory at the beginning of the period. It started 1,200 units during the period and transferred 1,000 units to finished goods inventory. The ending work in process inventory was estimated to be 60 percent complete. Cost data for the period follow: Beginning balance Added during period Total Product Costs $ 27,520 56,800 $ 84,320 Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. c. Calculate the total cost allocated between ending work in process inventory and finished goods inventory.

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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Walton Company had 400 units of product in work in process inventory at the beginning of the period. It started 1,200 units during the period and transferred 1,000 units to finished goods inventory. The ending work in process inventory was estimated to be 60 percent complete. Cost data for the period follow: Beginning balance Added during period Total Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. c. Calculate the total cost allocated between ending work in process inventory and finished goods inventory. Complete this question by entering your answers in the tabs below. Req A and B Product Costs $ 27,520 56,800 $ 84,320 Req C a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. a. Equivalent units b. Cost per equivalent unit < Req A and B Req C >
Transcribed Image Text:Walton Company had 400 units of product in work in process inventory at the beginning of the period. It started 1,200 units during the period and transferred 1,000 units to finished goods inventory. The ending work in process inventory was estimated to be 60 percent complete. Cost data for the period follow: Beginning balance Added during period Total Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. c. Calculate the total cost allocated between ending work in process inventory and finished goods inventory. Complete this question by entering your answers in the tabs below. Req A and B Product Costs $ 27,520 56,800 $ 84,320 Req C a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. a. Equivalent units b. Cost per equivalent unit < Req A and B Req C >
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