Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost...

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Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The depart

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1		Actual Units
	Caluclation of Physical UNITS:
	Units in begining inventory	25000
	Units started during the period	75000	(Units Completed - Beginning + Ending Inventory)
	Units to be accounted for	100000

2		Actual Units	Equivalent Units
			Material	CC
	Units Completed and Transferred	70000	70000	70000
	Units in ending inventory	30000	30000	9000
	Total accounted for	100000	100000	79000


	Costs:
			Material	CC	Total
	Costs in beginning inventory		80000	13000	93000
	Cost added dueing the year		190000	137100	327100
	Total cost to account for		270000	150100	420100

	Equivalent Units from above		100000	79000

	Cost per equivalnet unit		2.70	1.90

3			Material	CC	Total
	Cost Accounted for
	Units completed and transfer		189000	133000
	Units in ending inventory		(70000 Units * 2.7 )	(70000 Units * 1.9)

4	Total cost of July 31 st Inventory
					Total
	Units in ending inventory		30000	9000
	Per Unit		2.70	1.90
	Total Ending Inventory cost		81000	17100	*98100*

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