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Solution a:
| Computation of Equivalent unit of Production - Polishing department | |||
| Particulars | Physical Units | Material | Conversion |
| Units to account for: | |||
| Beginning WIP | 1860 | ||
| Started into Production | 45100 | ||
| Total units to account for | 46960 | ||
| Units accounted for: | |||
| Unit completed & Transferred out | 41260 | 41260 | 41260 |
| Units in ending inventory: | 5700 | ||
| Material (100%) | 5700 | ||
| Conversion (10%) | 570 | ||
| Equivalent units of production | 46960 | 46960 | 41830 |
Solution b:
| Computation of Cost per equivalent unit - Polishing department | |||
| Particulars | Material | Conversion | Total |
| Beginning invenotry cost | $20,800 | $42,944 | $63,744 |
| Current period cost | $226,210 | $384,140 | $610,350 |
| Total cost to be accounted for | $247,010 | $427,084 | $674,094 |
| Equivalent units of production | 46960 | 41830 | |
| Cost per Equivalent unit | $5.26 | $10.21 | |
Solution c:
|
Computation of Cost of ending WIP and units completed & transferred out - Polishing Department |
|||
| Particulars | Material | Conversion | Total |
| Equivalent unit of Ending WIP | 5700 | 570 | |
| Cost per equivalent unit | $5.26 | $10.21 | |
| Cost of Ending WIP (Equivalent unit * Cost per equivalent unit) | $29,982 | $5,820 | $35,802 |
| Units completed and transferred | 41260 | 41260 | |
| Cost of units completed & Transferred (Unit completed * cost per equivalent unit) | $217,028 | $421,264 | $638,292 |
Exercise 16-11 (Part Level Submission) The Polishing Department of Major Company has the following production and...
Exercise 16-11 (Part Level Submission)
The Polishing Department of Major Company has the following
production and manufacturing cost data for September. Materials are
entered at the beginning of the process.
Production: Beginning inventory 1,520 units that are 100%
complete as to materials and 30% complete as to conversion costs;
units started during the period are 41,300; ending inventory of
7,300 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised
of $21,600 of materials and $12,585 of...
Please help with Part C
Exercise 16-11 (Part Level Submission) The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,730 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 46,900; ending inventory of 7,700 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $22,100...
Exercise 16-11 The Polishing Department of Major Company has the following production and manufacturi cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,580 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 45,500; ending inventory of 5,200 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $21,400 of materials and $58,044 of conversion costs; materials...
Exercise 16-11 (Part Level Submission) The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,860 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 45,100; ending inventory of 5,700 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,800 of materials and $42,944 of...
The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,580 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 46,000; ending inventory of 6,400 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,900 of materials and $63,834 of conversion costs; materials costs added...
The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1.520 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 41,300; ending inventory of 7,400 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $21,600 of materials and $12,320 of conversion costs; materials costs added...
The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,600 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 45,600; ending inventory of 5,400 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,500 of materials and $61,330 of conversion costs; materials costs added...
The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,560 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 41,700; ending inventory of 6,600 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,400 of materials and $12,418 of conversion costs; materials costs added...
The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,580 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 41,200; ending inventory of 6,600 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,600 of materials and $14,674 of conversion costs; materials costs added...
The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,660 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 45,300; ending inventory of 7,800 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $22,000 of materials and $40,521 of conversion costs; materials costs added...