Morge & Center - $ % 48.99 Condit Formatt Clipboard Font Alignment Number 18 A GHIJKLMN Exercise 6 B Our Co's packaging department started April with a beginning WIP inventory of 75 units. During April it transferred 450 units to finished goods and its ending WIP inventory consists of 50 units. Complete the physical unit flow information below. Physical Unit Flow Where Units Come From: Beginning WIP Inventory Started into Production Total Units 120.0 Where Units Go: Completed/Transferred Out Ending WIP Inventory Total Units Exercise 7 Our Co's packaging department transferred 450 units to finished goods and its ending WIP inventory consists of 50 units which were 70% complete with respect to conversion costs (direct materials are added at the beginning of the process). Calculate the equivalent units of production Direct Direct Manufacturing Equivalent Units of Production (EU) Materials Labor Overhead Units Completed & Transferred Out Units of Ending Work in Process End WIP units x % complete DM End WIP units X % complete DL End WIP units X % complete MO Total Equivalent Units (EU) 28 29 30 1 2-5 6-8 9 10 Process Cost Summary + Ready Formatting Sty Table Styles Clipboard Font Alignment Number X ft D8 4 F G H I J K L M N O P Exercise 8 Calculate the cost per equivalent unit of production (EUP) assuming that beginning WIP inventory included $300 of direct materials, $1125 of direct labor, and the predetermined overhead rate is 160%. During April, Our Co. incurred $3600 direct material costs, and $15750 direct labor costs. Assume the EUP for direct materials equals 500 units. EUP for direct labor and factory overhead equals 485 units. Cost Per Equivalent Unit (EUP) Direct Materials Direct Labor Manufacturing Overhead X X Where Costs Come From: Costs of beginning WIP inventory Current costs added to production Total costs Equivalent units (EU) Cost per EU (round 2 decimals*) XXX X xx X Morge & Center - $ % 48.99 Condit Formatt Clipboard Font Alignment Number 18 A GHIJKLMN Exercise 6 B Our Co's packaging department started April with a beginning WIP inventory of 75 units. During April it transferred 450 units to finished goods and its ending WIP inventory consists of 50 units. Complete the physical unit flow information below. Physical Unit Flow Where Units Come From: Beginning WIP Inventory Started into Production Total Units 120.0 Where Units Go: Completed/Transferred Out Ending WIP Inventory Total Units Exercise 7 Our Co's packaging department transferred 450 units to finished goods and its ending WIP inventory consists of 50 units which were 70% complete with respect to conversion costs (direct materials are added at the beginning of the process). Calculate the equivalent units of production Direct Direct Manufacturing Equivalent Units of Production (EU) Materials Labor Overhead Units Completed & Transferred Out Units of Ending Work in Process End WIP units x % complete DM End WIP units X % complete DL End WIP units X % complete MO Total Equivalent Units (EU) 28 29 30 1 2-5 6-8 9 10 Process Cost Summary + Ready Formatting Sty Table Styles Clipboard Font Alignment Number X ft D8 4 F G H I J K L M N O P Exercise 8 Calculate the cost per equivalent unit of production (EUP) assuming that beginning WIP inventory included $300 of direct materials, $1125 of direct labor, and the predetermined overhead rate is 160%. During April, Our Co. incurred $3600 direct material costs, and $15750 direct labor costs. Assume the EUP for direct materials equals 500 units. EUP for direct labor and factory overhead equals 485 units. Cost Per Equivalent Unit (EUP) Direct Materials Direct Labor Manufacturing Overhead X X Where Costs Come From: Costs of beginning WIP inventory Current costs added to production Total costs Equivalent units (EU) Cost per EU (round 2 decimals*) XXX X xx X