Homework Answers
Answers
- Requirements asked
|
Requirement 1 |
||||
|
Physical Units |
Physical Units |
|||
|
Beginning Units |
43,000 |
Units completed |
37,000 |
|
|
Units Started |
67,000 |
Ending Units |
73,000 |
|
|
Total Units |
110,000 |
Total Units |
110,000 |
|
|
Requirement 2 |
||||
|
Equivalent Units |
||||
|
Physical Units |
Direct Material |
Conversion cost |
||
|
Units Completed |
37,000 |
37,000 |
37,000 |
|
|
Ending Inventory |
73,000 |
73,000 |
40,150 |
|
|
Total Units |
110,000 |
110,000 |
77,150 |
|
|
Requirement 3 |
||||
|
Working |
Material |
Conversion |
||
|
A |
Beginning Cost of WIP |
$ 45,000.00 |
$ 86,000.00 |
|
|
B |
Cost added in July |
$ 82,000.00 |
Costs |
$ 164,000.00 |
|
C |
EUP |
110,000 |
EUP |
77,150 |
|
D = (A+B)/C |
Cost per Equivalent Units |
$ 1.15455 |
$ 3.24044 |
|
|
Requirement 4 |
||||
|
Direct material |
Conversion cost |
Total |
||
|
Units Completed |
$ 42,718 |
$ 119,896 |
$ 162,615 |
|
|
Ending Inventory |
$ 84,282 |
$ 130,104 |
$ 214,386 |
|
|
Total Cost accounted for |
$ 127,001 |
$ 250,001 |
$ 377,000 |
|
--Working
|
Requirement 4 |
|||
|
Direct material |
Conversion cost |
||
|
Units Completed |
=37000*1.15455 |
=37000*3.24044 |
|
|
Ending Inventory |
=73000*1.15455 |
=40150*3.24044 |
|
Add Answer to:
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process....
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process....
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 37,000 $ 40,000 87,000 $127,000 70,000 Beginning work in process (28% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (51% complete) Curren period costs Direct materials Conversion cost Total current period costs ? 73,000...
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Costs
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121,300
Direct materials
$
199,000
Conversion cost
351,000
Total cost of beginning work in process
$
550,000
Number of units started
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Number of units completed and transferred to finished
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Ending work in process (65% complete)
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Saddleback Company makes camping lanterns using a single
production process. All direct materials are added at the beginning
of the manufacturing process. Information for the month of March
follows:
Units
Costs
Beginning work in process (30% complete)
121,300
Direct materials
$
199,000
Conversion cost
351,000
Total cost of beginning work in process
$
550,000
Number of units started
250,000
Number of units completed and transferred to finished
goods
335,500
Ending work in process (65% complete)
?
Current period costs
Direct...
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