Question: Here is an example of what i need. Process Costing. B D G H 1 Process Costing: Graded Assignment 2 Name: 3 WIP-1 4 DM
Here is an example of what i need. Process Costing. B D G H 1 Process Costing: Graded Assignment 2 Name: 3 WIP-1 4 DM are added at the Beginning of WIP-1 5 cc costs are added evenly through the process of WIP-1 6 Unit data: # of Units 7. Beginning WIP inventory 0 8 Started in Production 36,000 9 Tranferred Out to WIP-2 22,000 10 Ending WIP Inventory 14,000 11. Ending Inv Percent completion 10% 12 Cost data: 19 Conversion Costs 14 DM DL MOH Total Costs 15 $46,800 $2,000 $35,440 $84,240 16 DETERMINE EQUIVALENT UNITS 17 DETERMINE COST PER EQUIV UNIT 18 ASSIGNMENT OF COSTS 19 WIP-2 20. DM are added at the End of WIP-2 21cc costs are added evenly through the process of WIP-2 22 Beginning WIP Inventory 12,000 23 Transferred in 24 Tranferred Out to FG 20,000 25 Ending WIP inventory 14,000 26. Ending in Percent completion 209 27 Cost data: 28 Conversion Costs 29 Trans in OM DL Total Costs 30 Betining Inventory s 55,200 SO $2,200 $6,200 $63,600 31 Transferred in and New costs 100,000 40,000 20,000 32 S 100.000 S 42,200 $ 26,200 33 DETERMINE EQUIVALENT UNITS 34 DETERMINE COST PER EQUIV UNIT 35 ASSIGNMENT OF COSTS WIP-1 DM are added at the Beginning WIRI Ce added evenly though the process of WIRLI | Lunit data Beginning VIP inventory Started in iroduction 30,000 BROOD Tranferred to WIP Ending Winery Ending la percent completion 50 Cort data DM SSRO Conversion Costs MOH S.RO Total Costs SERO ON RODO DETERMI SE EQUIVLENT UNIT Tranferred Out to WIP Ending WIP inventary Total Equiv Units SIR.000 1.000 19.000 Du DETERMINE COST PER EQUIV UNIT Costs Equine 588.000 $38.000 19.000 Cost F4 Unit 52.00 ASSIGNMENT OF COSTS Tranfened out to WIP-2 Finding WIP DY 45 B 36.000 2.000 $1,000 7.000 WIP-2 DM are added at the End or WIP-2 Contact added evenly thgh the price of WIP2 Begang VIP inventory Transferred 18.000 Tranferred out to FG Ending Winventory Ending and Percent completion 6. Cost data Then M SO Begining Eventory Transformed in and New Cost Conversion Costs MOM 55.000 40.000 20,000 230 Total S10.200 341.000 81,000 DOO B 20.000 DETERMINE EQUIV LENTUNT: Tranferred Out to FG Ending WIP inventy Total Fury DM 20.000 ol 20.000 CC $20,000 2.400 22.400 DETERMINE COST PER EQUIV UNIT Cost Equiv Units 104.000 DM 100.000 567.200 22.400 C4 Unit $400 53.00 Tromso ASSIGNMENT OF COSTS Tranferred to FG Ending WIP inventory OM 100,000 24 60,000 7,200 Total Costa $240,000 31,200 271.200
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