Following is a partial production cost report for Mitchell MarEquivalent units of production (EUP) Direct MaterialsUnitsCompleted and transferred outEnding Work in ProcessCost per EUPCost of beginning work in process $40,500Costs added this period136,000Total costs$ 176,500% EUP from part (a)Cost per EUPO $135,500.O $136,000.O $176,500.50,00015,000O $176,150.O $196,000.Conversion65,000$2.71Percent Complete EUP Percent Complete EUP100%50,000 100%50,000100%15,000 80%12,00065,00062,000Direct Materials ConversionThe total direct materials costs transferred out of the Canning department equals:per EUP$ 59,700183,100$ 242,80062,000$3.92per EUP

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Description: Following is a partial production cost report for Mitchell MarEquivalent units of production (EUP) Direct MaterialsUnitsCompleted and transferred outEnding Work in ProcessCost per EUPCost of beginning work in process $40,500Costs added this period13

Total material cost transferred out is a measure of the cost of raw materials and components used in…

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Equivalent units of production (EUP) Direct Materials Units Completed and transferred out 50,000 Ending Work in Process 15,000 Cost per EUP Cost of beginning work in process $ 40,500 Costs added this period 136,000 Total costs $ 176,500 % EUP from part (a) Cost per EUP Conversion Direct Materials Conversion 65,000 $2.71 Percent Complete EUP Percent Complete EUP 100% 50,000 100% 50,000 100% 15,000 80% 12,000 65,000 62,000 per EUP $59,700 183,100 $ 242,800 62,000 $ 3.92 per EUP

Equivalent units of production (EUP) Direct Materials Units Completed and transferred out 50,000 Ending Work in Process 15,000 Cost per EUP Cost of beginning work in process $ 40,500 Costs added this period 136,000 Total costs $ 176,500 % EUP from part (a) Cost per EUP Conversion Direct Materials Conversion 65,000 $2.71 Percent Complete EUP Percent Complete EUP 100% 50,000 100% 50,000 100% 15,000 80% 12,000 65,000 62,000 per EUP $59,700 183,100 $ 242,800 62,000 $ 3.92 per EUP

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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