iven the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 30% complete with regard to conversion costs. Costs to Account for Units to Account for Beginning inventory: materials $4,900 Beginning work in process 4,000 Beginning inventory: conversion 900 Units started into production 85,000 Direct material 22,700 Transferred out 85,000 Direct labor 36,940 Applied overhead 12,300 Transferred-in materials 8,000 Transferred-in conversion 10,200 Total costs to account for $95,940 Enter all amounts as positive values. If required round "Cost per unit" answers to two decimal places. Production Report Completed and transferred out fill in the blank 1 Ending work in process fill in the blank 2 Total units to account for fill in the blank 3 Work in process completion percent 100% 30% Material Units Conversion Units Total Units Completed and transferred out fill in the blank 4 fill in the blank 5 fill in the blank 6 Ending work in process fill in the blank 7 fill in the blank 8 fill in the blank 9 Total units to account for fill in the blank 10 fill in the blank 11 fill in the blank 12 Costs to account for Materials Conversion Total Beginning work in process $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 Transferred in fill in the blank 16 fill in the blank 17 fill in the blank 18 Incurred during the period fill in the blank 19 fill in the blank 20 fill in the blank 21 Total costs to account for $fill in the blank 22 $fill in the blank 23 $fill in the blank 24 Equivalent units fill in the blank 25 fill in the blank 26 Cost per equivalent unit for department $fill in the blank 27 $fill in the blank 28 $fill in the blank 29 Transferred-out costs $fill in the blank 30 End work in process: materials $fill in the blank 31 End work in process: conversion fill in the blank 32 End work in process: total fill in the blank 33 Costs to account for $fill in the blank 34
iven the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 30% complete with regard to conversion costs. Costs to Account for Units to Account for Beginning inventory: materials $4,900 Beginning work in process 4,000 Beginning inventory: conversion 900 Units started into production 85,000 Direct material 22,700 Transferred out 85,000 Direct labor 36,940 Applied overhead 12,300 Transferred-in materials 8,000 Transferred-in conversion 10,200 Total costs to account for $95,940 Enter all amounts as positive values. If required round "Cost per unit" answers to two decimal places. Production Report Completed and transferred out fill in the blank 1 Ending work in process fill in the blank 2 Total units to account for fill in the blank 3 Work in process completion percent 100% 30% Material Units Conversion Units Total Units Completed and transferred out fill in the blank 4 fill in the blank 5 fill in the blank 6 Ending work in process fill in the blank 7 fill in the blank 8 fill in the blank 9 Total units to account for fill in the blank 10 fill in the blank 11 fill in the blank 12 Costs to account for Materials Conversion Total Beginning work in process $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 Transferred in fill in the blank 16 fill in the blank 17 fill in the blank 18 Incurred during the period fill in the blank 19 fill in the blank 20 fill in the blank 21 Total costs to account for $fill in the blank 22 $fill in the blank 23 $fill in the blank 24 Equivalent units fill in the blank 25 fill in the blank 26 Cost per equivalent unit for department $fill in the blank 27 $fill in the blank 28 $fill in the blank 29 Transferred-out costs $fill in the blank 30 End work in process: materials $fill in the blank 31 End work in process: conversion fill in the blank 32 End work in process: total fill in the blank 33 Costs to account for $fill in the blank 34
Chapter5: Process Costing
Section: Chapter Questions
Problem 3EA: Given the following information, determine the equivalent units of ending work in process for...
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Given the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 30% complete with regard to conversion costs.
Costs to Account for | Units to Account for | |||
Beginning inventory: materials | $4,900 | Beginning work in process | 4,000 | |
Beginning inventory: conversion | 900 | Units started into production | 85,000 | |
Direct material | 22,700 | Transferred out | 85,000 | |
Direct labor | 36,940 | |||
Applied overhead | 12,300 | |||
Transferred-in materials | 8,000 | |||
Transferred-in conversion | 10,200 | |||
Total costs to account for | $95,940 |
Enter all amounts as positive values. If required round "Cost per unit" answers to two decimal places.
Production Report | |||
Completed and transferred out | fill in the blank 1 | ||
Ending work in process | fill in the blank 2 | ||
Total units to account for | fill in the blank 3 | ||
Work in process completion percent | 100% | 30% | |
Material Units | Conversion Units | Total Units | |
Completed and transferred out | fill in the blank 4 | fill in the blank 5 | fill in the blank 6 |
Ending work in process | fill in the blank 7 | fill in the blank 8 | fill in the blank 9 |
Total units to account for | fill in the blank 10 | fill in the blank 11 | fill in the blank 12 |
Costs to account for | Materials | Conversion | Total |
Beginning work in process | $fill in the blank 13 | $fill in the blank 14 | $fill in the blank 15 |
Transferred in | fill in the blank 16 | fill in the blank 17 | fill in the blank 18 |
Incurred during the period | fill in the blank 19 | fill in the blank 20 | fill in the blank 21 |
Total costs to account for | $fill in the blank 22 | $fill in the blank 23 | $fill in the blank 24 |
Equivalent units | fill in the blank 25 | fill in the blank 26 | |
Cost per equivalent unit for department | $fill in the blank 27 | $fill in the blank 28 | $fill in the blank 29 |
Transferred-out costs | $fill in the blank 30 | ||
End work in process: materials | $fill in the blank 31 | ||
End work in process: conversion | fill in the blank 32 | ||
End work in process: total | fill in the blank 33 | ||
Costs to account for | $fill in the blank 34 |
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