Prepare a schedule that shows how the equivalent units were computed so that you can complete...
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Prepare a schedule that shows how the equivalent units were computed so that you can complete the "Quantities: Units accounted for" equivalent units section st (Round unit casts to 2 decimat places, e.g. 2.25 and other answers to o decimal places, e.g. 125.) HAMILTON PROCESSING COMPANY Mixing and Coking Department Production Cost Report For the Month Ended October 31 Physical Units Materials Equivalent Units Conversion Costs Quantities Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) Started into production 20,000 150,000 170,000 Total units Units accounted for Transferred aut 120,000 1200 Work in process, October 31 (60% materials, 40% conversion costs) 1200 2000 50,000 300 Total units accounted for 170,000 1500 1400 Conversion Costs Unit costs Total Costs Materials Costs Total $240,000 s105.000 $345,000 Equivalent units 1500 1400 Unit costs Costs to be accounted for Work in process, October 1 Started into production $30,000 315,000 $345,000 Total costs Click if you would like to Show Work for this question: Open Show Work SHow SOLUTION, SHOW ANSWER (b) Complete the "Cost Reconciliation Schedule" part of the production cost report. Cost Reconciliation Schedule Costs accounted for Transterred out Work in process, October 31 Materials Corversion costs Total costs Click if you would like to Show Work for this question: Open Show Work
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Related Book For
Introduction to Management Accounting
ISBN: 9780133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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