Question: This is an example of how it should be done. Thank you for your help! WIP-1 DM are added at the Beginning of WIP-I CC

 This is an example of how it should be done. Thank
you for your help! WIP-1 DM are added at the Beginning of This is an example of how it should be done. Thank you for your help!

WIP-1 DM are added at the Beginning of WIP-I CC costs added evenly through the process of WIP I Beginning WIP inventory Started in Production ofis O 36.000 Tranferred put to WIP-2 Ending wil inventory Ending In Percent completion 22.000 14.000 1096 Cost data DM $46,800 Conversion Costs DL MOH S2000 $35.400 Teal Costs $84.340 DETERMINE EQUIVLENT UNITS DETERMINE COST PER EQUIV UNIT ASSIGNMENT OF COSTS WIP-2 DM are added at the End of WIP-2 CC costs are added evenly through the process of WIP-2 12,000 Beginning WIP inventory Transferred in Tranferred to FG Ending wit inventory Ending In Percent completion 20,000 14.000 2016 Cost data Transis SS 200 Total Costs $63.000 Begining Eventory Transferred in and New costs Conversion Costs DI MON $2,200 S6200 40,000 20,000 42,200 26,200 DM so 100.000 100.000 DETERMINE EQUIVLENT UNITS DETERMINE COST PER EQUIV UNIT ASSIGNMENT OF COSTS WIP-1 DM are added at the Beginning WIRI Ce added evenly though the process of WIRLI | Lunit data Beginning VIP inventory Started in iroduction 30,000 BROOD Tranferred to WIP Ending Winery Ending la percent completion 50 Cort data DM SSRO Conversion Costs MOH S.RO Total Costs SERO ON RODO DETERMI SE EQUIVLENT UNIT Tranferred Out to WIP Ending WIP inventary Total Equiv Units SIR.000 1.000 19.000 Du DETERMINE COST PER EQUIV UNIT Costs Equine 588.000 $38.000 19.000 Cost F4 Unit 52.00 ASSIGNMENT OF COSTS Tranfened out to WIP-2 Finding WIP DY 45 B 36.000 2.000 $1,000 7.000 WIP-2 DM are added at the End or WIP-2 Contact added evenly thgh the price of WIP2 Begang VIP inventory Transferred 18.000 Tranferred out to FG Ending Winventory Ending and Percent completion 6. Cost data Then M SO Begining Eventory Transformed in and New Cost Conversion Costs MOM 55.000 40.000 20,000 230 Total S10.200 341.000 81,000 DOO B 20.000 DETERMINE EQUIV LENTUNT: Tranferred Out to FG Ending WIP inventy Total Fury DM 20.000 ol 20.000 CC $20,000 2.400 22.400 DETERMINE COST PER EQUIV UNIT Cost Equiv Units 104.000 DM 100.000 567.200 22.400 C4 Unit $400 53.00 Tromso ASSIGNMENT OF COSTS Tranferred to FG Ending WIP inventory OM 100,000 24 60,000 7,200 Total Costa $240,000 31,200 271.200

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!