Question

CHAPTER QUIZ Use the following information for questions 1-10. Top That manufactures baseball-style hats. Material is introduce Cutting Department. Conversion costs are incurred the cutting of material is completed, the pieces are immediately transferred to Data for the Cutting Department for the month of February 2003 follow d at the beginning of the process in (and allocated) uniformly throughout the process. As the Sewing Department Work in process, January 31 50,000 units 100% complete for direct materials, 40% completed for conversion costs actual costs of direct materials, $70,500; actual costs of conversion, $34,050 Units started during February, 225,000 Units completed during February, 200,000 Work in process, February 28 - 75,000 units 100% complete for direct materials, 20% completed for conversion costs Direct materials added during February [actual costs]$342,000 Conversion costs added during February factual $352,950 Assuming Top That uses the weighted-average method to account for inventories, the equivalent units of work for the month of February are 1. Direct Materials 225,000 200,000 Conversion Costs 225,000 200,000 215,000 200,000 a. b. c. 275,000 d. 225,000 ssuming Top That used the weighted-average method to account for inventories, the cost per

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Answer 1

solution: 1.Equivalent units of production Units 196 Materials EUP-Materials l % conversion | EUP-conversion | a"c 200,000 75,000 100% 100% 100% 20% 200,000 200,000 Units completed Units of ending goods in process Equivalent units of production 275,000 215,000 2.Cost per equivalent unit of production Cost of beginning goods in process Costs incurred this period Total costs Materials conversion 70500 342000 412500 Costs 275,000 EUP 34,050 352,950 387000 215,000 Costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals EUP 50 80 EUP -Equivalent units of production Sheet1947 Sheet1948 Sheet1949 . Sheet1950 Sheet1951 . Sheet1952 Sheet1953 | Sheet|954 ENG 20:47 US 12/05/2018