Question: Good day please help me to answer the number 27 below, other items is for reference Kindly include your (clear) solutions thank you so much
Good day please help me to answer the number 27 below, other items is for reference
Kindly include your (clear) solutions thank you so much in advance!
Please...
17. LO.2 (WA EUP) For each of the following situations, use the weighted average method to determine the equivalent units of production for labor and overhead, assuming that they are continuously at the same percentage of completion: a. Beginning WIP Inventory (45% complete) 10,000 Units started in production 350,000 Units transferred out 344,000 Ending WIP Inventory (60% complete) 16,000 b. Beginning WIP Inventory (30% complete) 40,000 Units started in production 480,000 Units transferred out Ending WIP Inventory (70% complete) 26,000 c. Beginning WIP Inventory (55% complete) 15,000 Units started in production 405,000 Units transferred out 415,800 Ending WIP Inventory (90% complete) d. Beginning WIP Inventory (25% complete) 10,800 Units started in production Units transferred out 351,600 Ending WIP Inventory (45% complete) 18,300 20. LO.3 (FIFO EUP) Using the information in Exercise 17 and assuming a FIFO method of process costing, determine the equivalent units of production for labor and overhead. 24. LO.2 (Cost per WA EUP) In October 2010, Rojo Inc.'s production was 53,600 equiva- lent units for direct material, 48,800 equivalent units for direct labor, and 42,000 equiv- alent units for overhead. During October, direct material, conversion, and overhead costs incurred were as follows: Direct material $158,688 Conversion 189,648 Overhead 85,200 Beginning WIP Inventory costs for October were $26,232 for direct material, $39,024 for direct labor, and $20,640 for overhead. a. How much did Rojo Inc. spend on direct labor in October? b. What was the October weighted average cost per equivalent unit for direct material, direct labor, and overhead?26. LO.2 & LO.3 (Cost per WA & FIFO EUP) Pylonic Mfg. produces concrete garden border sections. All material is added at the beginning of processing. Production and cost information for May 2010 are as follows: WA EUP Direct material 160,000 sections Direct labor 152,000 sections Overhead 150,000 sections FIFO EUP Direct material 120,000 sections Direct labor 124,000 sections Overhead 132,000 sections Beginning WIP Inventory costs Direct material $19,600 Direct labor 6,320 Overhead 10,020 Current period costs Direct material $54,000 Direct labor 34,720 Overhead 84,480 a. What is the total cost to account for? b. Using weighted average process costing, what is the cost per equivalent unit for each cost component? c. Using FIFO process costing, what is the cost per equivalent unit for each cost component? d. How many units were in beginning inventory and at what percentage of completion was each cost component?27. LO.2 (WA EUP; cost per WA EUP) BeGone manufactures spray cans of insect repel- lent. On August 1, 2010, the company had 9,800 units in the beginning WIP Inventory that were 100 percent complete as to canisters, 60 percent complete as to other mate- rials, 40 percent complete as to direct labor, and 20 percent complete as to overhead. During August, BeGone started 81,500 units in the manufacturing process. Ending WIP Inventory included 4,600 units that were 100 percent complete as to canisters, 40 percent complete as to other materials, 20 percent complete as to direct labor, and 10 percent complete as to overhead. Cost information for the month is as follows: Beginning WIP Inventory Canisters $ 6,535 Other direct materials 6,174 Direct labor 6,431 Overhead 1,070 August costs Canisters 61,940 Other direct materials 86,793 Direct labor 81,189 Overhead 160,176 Prepare a schedule showing the BeGone August 2010 computation of weighted aver- age equivalent units of production and cost per equivalent unit
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