Delacroix Co. had 800 units of inventory at the beginning of March 2010. Other information about that beginning Work in Process Inventory is as follows: Quantity: 800 units Percent Complete Direct material Direct labor Overhead 45 65 40 Costs Incurred $ 6,748 8,680 5,710 $21,138 Total beginning inventory Direct labor costs were extremely high during February, because the company had a labor strike and paid a high premium to get production workers that month. During March, Delacroix Co. started production of 11,400 units of product and incurred $259,012 for material, $58,200 for direct labor, and $188,210 for overhead. At the end of March, the company had 400 units in process (70 percent complete as to material, 90 percent complete as to direct labor, and 80 percent complete as to overhead).

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Problem No. 3 (Cost Accounting)

 

Determine the following using the weighted average (WA) method of process costing

 

1. Equivalent units of production for materials and conversion cost

2. unit costs, and;

3. Inventory values

 

 

Problem no. 3
Delacroix Co. had 800 units of inventory at the beginning of March 2010. Other information
about that beginning Work in Process Inventory is as follows:
Quantity: 800 units
Percent Complete
45
65
40
Costs Incurred
$ 6,748
8,680
5,710
$21,138
Direct material
Direct labor
Overhead
Total beginning inventory
Direct labor costs were extremely high during February, because the company had a labor
strike and paid a high premium to get production workers that month.
During March, Delacroix Co. started production of 11,400 units of product and incurred
$259,012 for material, $58,200 for direct labor, and $188,210 for overhead. At the end of
March, the company had 400 units in process (70 percent complete as to material, 90 percent
complete as to direct labor, and 80 percent complete as to overhead).
Transcribed Image Text:Problem no. 3 Delacroix Co. had 800 units of inventory at the beginning of March 2010. Other information about that beginning Work in Process Inventory is as follows: Quantity: 800 units Percent Complete 45 65 40 Costs Incurred $ 6,748 8,680 5,710 $21,138 Direct material Direct labor Overhead Total beginning inventory Direct labor costs were extremely high during February, because the company had a labor strike and paid a high premium to get production workers that month. During March, Delacroix Co. started production of 11,400 units of product and incurred $259,012 for material, $58,200 for direct labor, and $188,210 for overhead. At the end of March, the company had 400 units in process (70 percent complete as to material, 90 percent complete as to direct labor, and 80 percent complete as to overhead).
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