SUBJECT: cost accounting

Please answer correctly with the right format for computation. Thank you.

Milan Company uses job order cost system. The company purchased direct materials of 15.000 units at 511.2 per unit. The inventories at the beginning of the period are as follows: DL hours 50 73 200 72 000 89.200 168.000 27.200 96.000 51.600 120,000 250 21.600 38.400 80 During the period. manufacturing overhead costs of $130 per direct labor hour was applied to the job while actual manufacturing overhead costs incurred was $141200. At the end of the period. Job No. D and G were still in process while Job No. B and F were left unsold. The rest of the jobs were sold. The company maintains a gross profit rate of 40%. 1. How much is the Cost of Goods Manufactured? 2. How much is the Total Manufacturing Cost? 3. How much is the Work in Process Inventory, ending? 4. How much is the Cost of Goods Sold? 5. How much is the Finished Goods Inventory, ending? Memo Company uses process costing. The materials are added when the process in 50% complete and conversion costs are added uniformly throughout the process following are the information during the period: Physical units: Work in process. beginning (60% complete) 30.000 Started during the period 200,000 Work in process. ending (45% complete) 50.000 Costs: Work in process, beginning Materials 67.800 Conversion costs 29,400 Cost added during the period: Materials 579.000 Conversion costs 248,900 Answer the following with solution: 1. How much is the total costs to account for? 2. Using FIFO, what is the EUP (Equivalent Units of Production) for conversion cost? 3. Using FIFO. how much is the cost of work in process, ending? 4. Using Weighted Average, what is the EUP (Equivalent Units of Production) for materials? 5. Using Weighted Average. how much is the cost of completed and transferred