Homework Answers
| a) | Units completed and transferred out = Beginning units+started during the year - Ending units | |||||||||
| 1500 Units | =300+1700-Ending Units | |||||||||
| Ending Units = | 500 Units | |||||||||
| Equivalet Units = (1500 units *100% ) + (500 unts *60%) | ||||||||||
| =1800 Units | ||||||||||
| b) | Cost Per Equivalent Unit | |||||||||
| = Total Cost / Equivalent Units | ||||||||||
| =$115200/1800 | ||||||||||
| =$64 per unit | ||||||||||
| c) | Cost Allocation | |||||||||
| Finished Product = 1500 Units *64 per unit =$96000 | ||||||||||
| Ending WIP = 500 units *60%*64 per unit = $19200 | ||||||||||
| Total Cost = $96000+19200 = $115200 | ||||||||||
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PLEASE USE SPREADSHEET PROVIDED AS A GUIDE FOR YOUR ANSWER.
Thank you
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PLEASE USE SPREADSHEET PROVIDED AS A GUIDE FOR YOUR ANSWER.
Thank you
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