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Instructions
Journalize the transactions. (Omit explanations.)
E3.5 (LO 3, 4), AP In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the
percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows.
Compute physical units and equivalent units of production.
Beginning Work in Process
Units Conversion Cost%
Month
-0
January
March
Ending Work in Process
Units Conversion Cost%
2,000
60
3,000
30
7,000
80
1,500
40
Units Transferred Out
11,000
12,000
14,000
10,000
-0
-0
May
July
-0-
Instructions
a. Compute the physical units for January and May.
b. Compute the equivalent units of production for (1) materials and (2) conversion costs for each month.
Instructions
Journalize the April transactions.
E3.3 (LO 2, 3, 4), AP The ledger of American Company has the following work in process account.
Answer questions on costs and production.
?
5/1
5/31
5/31
5/31
Balance
Materials
Labor
Overhead
Balance
Work in Process-Painting
3,590
5/31 Transferred out
5,160
2,530
1,380
?
5/31
Production records show that there were 400 units in the beginning inventory, 30% complete, 1,600 units started, and 1,700 units transferred
out. The beginning work in process had materials cost of $2,040 and conversion costs of $1,550. The units in ending inventory were 40%
complete. Materials are entered at the beginning of the painting process.
Instructions
a. How many units are in process at May 31?
b. What is the unit materials cost for May?
c. What is the unit conversion cost for May?
d. What is the total cost of units transferred out in May?
e. What is the cost of the May 31 inventory?
E3.8 (LO 3, 4), AP The Blending Department of Luongo Company has the following cost and production data for the month of April.
Determine equivalent units, unit costs, and assignment of costs.
Costs:
Work in process, April 1
Direct materials: 100% complete
Conversion costs: 20% complete
Cost of work in process, April 1
Costs incurred during production in April
Direct materials
Conversion costs
Costs incurred in April
$100,000
70,000
$170,000
$ 800,000
365,000
$1,165,000
Units transferred out totaled 17,000. Ending work in process was 1,000 units that are 100% complete as to materials and 40% complete as to
conversion costs.
Instructions
a. Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April.
b. Compute the unit costs for the month.
c. Determine the costs to be assigned to the units transferred out and in ending work in process.
E3.6 (LO 3, 4), AP The Cutting Department of Cassel Company has the following production and cost data for July.
Determine equivalent units, unit costs, and assignment of costs.
Costs
Production
1. Transferred out 12,000 units.
2. Started 3,000 units that are 60% complete as to conversion costs
and 100% complete as to materials at July 31.
Beginning work in process
Materials
Labor
Manufacturing overhead
$ -0
45,000
16,200
18,300
Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.
Instructions
a. Determine the equivalent units of production for (1) materials and (2) conversion costs.
b. Compute unit costs and prepare a cost reconciliation schedule.
E3.9 (LO 3, 4), AP Baden Company has gathered the following information.
Determine equivalent units, unit costs, and assignment of costs.
Units in beginning work in process
-0
Units started into production
36,000
Units in ending work in process
6,000
Percent complete in ending work in process:
Conversion costs
40%
Materials
100%
Costs incurred:
Direct materials
$72,000
Direct labor
$61,000
Overhead
$101,000
Instructions
a. Compute equivalent units of production for materials and for conversion costs.
b. Determine the unit costs of production.
c. Show the assignment of costs to units transferred out and in process.
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