Homework Soursee v2cengagenowcom Calculator Carmelita Inc has the following
e v2.cengagenow.com Calculator Carmelita Inc., has the following information available: Costs from Beginning Inventory Costs from current Period Direct materials Conversion costs Atthe beginning of the period, there were 400 units in process that were 42% compete at te eenvenien eet, and too, emee ae in det materials costs. During the period, 5,000 units were started and completed. Ending motory contained 400 unts that-re 52% eon-ete as to conversion costs and 100% complete as to materials costs. The company The cost of completing a unit during the current period was ??, $2888 Ob. S39.46 $6 $21 154 uses the FIFO process cost method $32.88 Od s49.32 0 
Solution
ans 1 Cost production report Flow Of Units Physical Units Direct Material A Conversion cost Units to be accounted for Beginning work in process inventory 400 Units started 5400 Total u nits to be accounted for 5800 Units accounnted for: Transferred out from units of opening WIP 400 Units started and completed this period 5000 Completed and transferred out (b) 5400 Ending work in progress inventory© 400 Total units to be accounted for (f) 5800 Calculation of equivalent units Units in Beginning WIP n 400 400 % of completion of Beginning WIP in last period 100% 42% % of completion of Beginning WIP completed in current period m 0% 58% Equivalents units of Beginning Wip A (n*m) 0 232 Units started and completed B 5000 5000 5000 Units of Ending WIP 400 400 400 % completion 100% 100% 32% Equivalent units in ending WIP E 400 400 128 Total Equivalent units A+B+E 5400 5360 Cost per equivalent units Direct Material A Conversion cost Total Cost per equivalent units Cost during the period $21,600 154800 $176,400 Total equivalent units 5400 5360 Cost per equivalent units d $4.00 $28.88 $32.88 Option c $32.88 ans 2 Cost production report Flow Of Units Physical Units Direct Material A Conversion cost Units to be accounted for Beginning work in process inventory 4000 Units started 29500 Total u nits to be accounted for 33500 Units accounnted for: Transferred out from units of opening WIP 4000 Units started and completed this period 26500 Completed and transferred out (b) 30500 Ending work in progress inventory© 3000 Total units to be accounted for (f) 33500 Calculation of equivalent units Units in Beginning WIP n 4000 4000 % of completion of Beginning WIP in last period 100% 75% % of completion of Beginning WIP completed in current period m 0% 25% Equivalents units of Beginning Wip A (n*m) 0 1000 Units started and completed B 26500 26500 26500 Units of Ending WIP 3000 3000 3000 % completion 100% 100% 27% Equivalent units in ending WIP E 3000 3000 810 Total Equivalent units A+B+E 29500 28310 Cost per equivalent units Direct Material A Conversion cost Total Cost per equivalent units Cost during the period $64,900 32100 $97,000 Total equivalent units 29500 28310 Cost per equivalent units d $2.20 $1.13 $3.33 Cost charged to production Beginning Work in Process, 8000 Cost incurred during the period $97,000 Total cost accounted 105000 Cost allocated Work in Process, Beginning 8000 To complete Inventory in process Beginning $1,134 $1,134 Cost of completed Beginning, Wip $9,134 Started and completed b*d $58,300 $30,048 $88,348 Transferred 0ut $97,482 Work in process Ending c*d $6,600 $918 $7,518 Total cost assigned 105000 Option C $7518 ans 3 Cost production report Flow Of Units Physical Units Direct Material A Conversion cost Units to be accounted for Beginning work in process inventory 2040 Units started (15500-2040) 13460 Total u nits to be accounted for 15500 Units accounnted for: Transferred out from units of opening WIP 2040 Units started and completed this period 11760 Completed and transferred out (b) 13800 Ending work in progress inventory© 1700 Total units to be accounted for (f) 15500 Calculation of equivalent units Units in Beginning WIP n 2040 2040 % of completion of Beginning WIP in last period 100% 25% % of completion of Beginning WIP completed in current period m 0% 75% Equivalents units of Beginning Wip A (n*m) 0 1530 Units started and completed B 11760 11760 11760 Units of Ending WIP 1700 1700 1700 % completion 100% 100% 20% Equivalent units in ending WIP E 1700 1700 340 Total Equivalent units A+B+E 13460 13630 Cost per equivalent units Direct Material A Conversion cost Total Cost per equivalent units Cost during the period $121,140 120000 $241,140 Total equivalent units 13460 13630 Cost per equivalent units d $9.00 $8.80 $17.80 Cost charged to production Beginning Work in Process, 25000 Cost incurred during the period $241,140 Total cost accounted 266140 Cost allocated Work in Process, Beginning 25000 To complete Inventory in process Beginning $13,470 $13,470 Cost of completed Beginning, Wip $38,470 Started and completed b*d $105,840 $103,536 $209,376 Transferred 0ut $247,847 Work in process Ending c*d $15,300 $2,993 $18,293 Total cost assigned 266140 Option B $209376 If any doubt please comment. If satisfied you can rate