Acctg 48 Chapt s iG Search Textbook Solutio The Following i

Acctg 48 (Chapt s iG Search Textbook Solutio ? The Following informat X Test # 1 HE Acctg 48-41251. 2018 xy C Oezto.mheducation.com/hm.tpx 29. Company Its production output is sent to its warehouse for shipping All direct materials are added to products when processing begins Begning work in process mentary s 20% complete wth tespect to conversion Ending work in process inventory is 60% complete with respect to conversion Equivalent Units of Production Unhs transferred out Units of anding work in process 43,000 4.700 43,000 2 820 Equivailent units of production 47.700 45 820 Materials Costs per EUP Costs of begineing work in process Costs incuned this period 5 284503,270 667,970 271,650 Total cost s 696.420 24,920 Units in begiening work in procass al comploted during July) Units started this period Units completed and ransferred out Units in ending work in process 4 200 43 500 43.000 4,700 Prepare its decimal places. pracess cost summary using the weighted average method (Round \"Cost per EUP\" to 2 Total costs to accound for Total costs accounted for D 00 Total units accounted for Total unis

Solution

UNITS TO ACCOUNT FOR: Beginning Work in Process units 4,200 Add: Units Started in Process 43,500 Total Units to account for: 47,700 UNITS TO BE ACCOUNTED FOR: Units started and completed 43,000 Ending Work in Process 4,700 Total Units to be accounted for: 47,700 Equivalent Units: UNITS Material Cost Conversion % Completion Units % Completion Units Units started and completed 43000 100% 43,000 100% 43,000 Ending Work in Process 4700 100% 4,700 60% 2,820 Total Equivalent units 47700 47,700 45,820 TOTAL COST TO ACCOUNT FOR: Material Conversion Beginning work in Process 28,450 3,270 Cost Added during May 667,970 271,650 Total Cost to account for: 696,420 274,920 Total Cost to account for: 971,340 COST PER EQUIVALENT UNIT: Material Conversion Total cost added during the year 696,420 274,920 Equivalent Units 47,700 45,820 Cost per Equivalent unit 14.6 6 TOTAL COST ACCOUNTED FOR: Units started and Transferred out (43000 units) Equivalent unit Cost per EU Total Cost Material 43,000 14.6 627800 Conversion Cost 43,000 6 258000 Total Cost of Units completed and transferred out: 885800 Ending Work in process (4700 units) Equivalent unit Cost per EU Total Cost Material 4,700 14.6 68620 Conversison Cost 2,820 6 16920 Total cost of Ending Work in process: 85,540 Total Cost of completed units accounted for 971,340