Question

Homework: HW 5 - Chapter 17 Score: 6.72 of 15 pts %E17-32 (similar to) 18 of 20 (18 complete artif Aaya Clothing, Inc. is a manufacturer of winter dothes. It has a king department and finishing department. This added every during the proces Suppose that the FIFO method. The following information for 2017 Cok the icon to view the information) Read the girements s on the department Direct e d Requirement 1. Caicte equivalent units of work done in the current period forr pro Entra for any zero balances) e do re s , and conversion to complete beginning work in process and com e and produce Plyysical Units Transferred Direct Conversion Work in process, beginning Transferred during current period To account for Completed and red out during ourront period From beginning work in process aned and come Work in process, ending MacBook Air la RF G HK

Answer 1

Answer

1. Equivalent unit of production Quantities Physical Units Transferred-In Costs Materials Conversion Cost Units charged to production Work in progress, beginning Transferred during the period Total units to be accounted Units to be assigned costs : Opening Inventory in progress Started and competed During the Month Work in progress, ending work in progress Total Units 110

Transferred in cost, Direct cost and Conversion cost per unit Particular Transferred-In Costs Direct Materials Conversion Cost Costs Cost to Accounts For Total Costs Equivalent units Unit Costs $67,600 $130,000 110 $1,181.82 $32,500 130 $250.00 131 $516.03

Completed and transferred out Particular Total production Materials Conversion Cost Remarks cost Transferred-In Costs $76,818.18 $53,181.82 $130,000.00 $162.985.36 $67,114.64 $230,100.00 $76,000.00 $32,500.00 $0.00 $32,500.00 Completed (Transferred out) Ending work in progress balance Total incurred during the period Total from beginning inventory Total cost $53,667.18 Note-1 $13,932.82 Note-2 $67,600.00 $306,100.00 Equivalent Unit Equivalent Cost Total Cost Note 1 Completed (Transferred out) Particular Started and completed Transferred-In Costs Direct Material Conversion Cost Total cost incurred 130 104 $1,181.82 $250.00 $516.03 $76,818.18 $32,500.00 $53,667.18 $162,985.36 Equivalent Unit Equivalent Cost Total Cost Note 2 Ending work in progress balance Particular Ending Inventory Transferred-In Costs Direct Material Conversion Cost Total cost incurred for Ending WIP $1,181.82 $250.00 $516.03 $53,181.82 $0.00 $13,932.82 $67,114.64