The following production data is given by Warriors Manufacturing Company for the month of May and...
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The following production data is given by Warriors Manufacturing Company for the month of May and June Materials are added at the beginning of the period. Overhead is applied at 120% of Direct labor cost MAY Beginning Inventory Units started this period Ending inventory COSTS: Beginning Inventory Materials Conversion CURRENT COSTS Materials Conversion JUNE: Units started this period Ending inventory CURRENT COSTS Materials Conversion 1. EUP-Materials 2. EUP-Labor 3. EUP-Overhead 4. Cost/EUP-materials 5. Cost/EUP-Labor 6. Cost/EUP-overhead 25,000 units 70% labor; 60% overhead 120,000 units 18,000 units 60% labor; 40% overhead 7. Cost of goods manufactured 8. Cost of ending inventory P119,200 P253,000 P600,000 P1,436,160 135,000 units 20,000 units 65% labor: 55% overhead COMPUTE FOR THE FOLLOWING USING THE WEIGHTED AVERAGE METHOD FOR THE MONTHS INDICATED: MAY JUNE P780,000 P1,801,800 The following production data is given by Warriors Manufacturing Company for the month of May and June Materials are added at the beginning of the period. Overhead is applied at 120% of Direct labor cost MAY Beginning Inventory Units started this period Ending inventory COSTS: Beginning Inventory Materials Conversion CURRENT COSTS Materials Conversion JUNE: Units started this period Ending inventory CURRENT COSTS Materials Conversion 1. EUP-Materials 2. EUP-Labor 3. EUP-Overhead 4. Cost/EUP-materials 5. Cost/EUP-Labor 6. Cost/EUP-overhead 25,000 units 70% labor; 60% overhead 120,000 units 18,000 units 60% labor; 40% overhead 7. Cost of goods manufactured 8. Cost of ending inventory P119,200 P253,000 P600,000 P1,436,160 135,000 units 20,000 units 65% labor: 55% overhead COMPUTE FOR THE FOLLOWING USING THE WEIGHTED AVERAGE METHOD FOR THE MONTHS INDICATED: MAY JUNE P780,000 P1,801,800
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SOLUTION To compute the requested values using the weighted average method we will calculate the equivalent units of production EUP for materials labo... View the full answer
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
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