Question: Looking for a solution to this question Required Information {T he following lnfonnatlon applles to the questions displayed below} During April. the first production department
Looking for a solution to this question






Required Information {T he following lnfonnatlon applles to the questions displayed below} During April. the first production department of a process manufacturing system completed its work on 350.000 units of a product and transferred them to the next department. Of these transferred units, 70,000 were in process in the production department at the beginning of April and 280.000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of April. 92,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion. The production department had $1.062,050 of direct materials and $750,904 of conversion costs charged to it during April. Also, its April beginning Inventory of $210,036 consists of $153,320 of direct materials cost and $51,716 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April. {Round \"Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April. {Round "Cost per EUP" to 2 decimal places.) 3. Using the weighted-average method. assign April's costs to the department's outputspecifically. its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Required 1. and 2. Equivalent Units of Production (EUP)- Weighted Average Method Units Materials EUP-Materials % Conversion EUP-Conversion Units to complete beginning work in process Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Total costs Costs Costs + Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) 0 0 Total Costs to Account for: Total costs to account for: S 0.00 Total costs accounted for Difference due to rounding cost/unit $ 0.00Required 3. Cost of units transferred out Direct materials Conversion Total costs transferred out Costs at ending 'work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for cum-reun con-mauv _ m Prepare the number of equivalent units with respect to both materials and conversion costs in the production department for April using the FIFO method. "Mam ___ The production department had $1,062,050 of direct materials and $750,904 of conversion costs charged to it during April. Also, its beginning inventory of $210,036 consists of $158,320 of direct materials cost and $51,716 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April. (Round \"Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April. {Round 'Cost per EUP' to 2 decimal places.) 3. Using the FIFO method. assign April's costs to the department's outputspecifically, Its units transferred to the next department and its ending work in process inventory. {Round \"Cost per EUP\" to 2 decimal places] Required 1. and 2. Equivalent unit: of production Total costs Costs + Equivalent units ofproduciion EUP EUP Total costs to account for: S 0.00 Costs 0 0 Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for " Difference due to rounding cosunit $ 0.00 Required 3. Cost of 10000 units from beginning inventory Beginning inventory I I Materials to complete Cost per EUP EIJP Conversion to complete Total costs to complete Total colt Total cost of 92,000 unit: in ending inventoryr Total costs assigned Total lost of 10000 unit: in beginning inventory 0.00 Cost of units started and completed this period EUP 0:53" Total colt Direct materials 5 0.00 0.00 Conversion costs 5 0.00 0.00 Total cost of 280,000 units started and completed Total lost of 350,000 units transferred out Costs of units in ending inventory EUF' 0026539 r Total cost Direct materials 5 0.00 0.00 Conversion costs 5 0.00 0.00
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