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PA 11. LO 5.4 Given the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 25% complete with regard to conversion costs. Costs to Account For Beginning inventory: materials Beginning inventory: conversion Direct materials Direct labor Applied overhead Transferred-in materials $ 5,000 1,000 24,170 44,500 12,400 8,000 10,200 Transferred-in conversion Total costs to account for $105,270 Units to Account For Beginning work in process Units started into production Transferred out 3,500 85,000 84,000 Show Transcribed Text C Completed and transferred out Ending work in process Units 2 Total units to account for Work in process completion % Material Units Conversion Units Total Units Completed and transferred out Ending work in process Total units to account for Costs to Account For Beginning work in process Transferred in Incurred during the period Materials Conversion Total Total costs to account for Equivalent units Cost per equivalent unit for department Transferred-out costs Ending work in process Total costs to accounted for

PA 11. LO 5.4 Given the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 25% complete with regard to conversion costs. Costs to Account For Beginning inventory: materials Beginning inventory: conversion Direct materials Direct labor Applied overhead Transferred-in materials $ 5,000 1,000 24,170 44,500 12,400 8,000 10,200 Transferred-in conversion Total costs to account for $105,270 Units to Account For Beginning work in process Units started into production Transferred out 3,500 85,000 84,000 Show Transcribed Text C Completed and transferred out Ending work in process Units 2 Total units to account for Work in process completion % Material Units Conversion Units Total Units Completed and transferred out Ending work in process Total units to account for Costs to Account For Beginning work in process Transferred in Incurred during the period Materials Conversion Total Total costs to account for Equivalent units Cost per equivalent unit for department Transferred-out costs Ending work in process Total costs to accounted for

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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PA 11. LO 5.4 Given the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 25% complete with regard to conversion costs. Costs to Account For Beginning inventory: materials Beginning inventory: conversion Direct materials Direct labor Applied overhead Transferred-in materials $ 5,000 1,000 24,170 44,500 12,400 8,000 10,200 Transferred-in conversion Total costs to account for $105,270 Units to Account For Beginning work in process Units started into production Transferred out 3,500 85,000 84,000 Show Transcribed Text C Completed and transferred out Ending work in process Units 2 Total units to account for Work in process completion % Material Units Conversion Units Total Units Completed and transferred out Ending work in process Total units to account for Costs to Account For Beginning work in process Transferred in Incurred during the period Materials Conversion Total Total costs to account for Equivalent units Cost per equivalent unit for department Transferred-out costs Ending work in process Total costs to accounted for
Transcribed Image Text:PA 11. LO 5.4 Given the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 25% complete with regard to conversion costs. Costs to Account For Beginning inventory: materials Beginning inventory: conversion Direct materials Direct labor Applied overhead Transferred-in materials $ 5,000 1,000 24,170 44,500 12,400 8,000 10,200 Transferred-in conversion Total costs to account for $105,270 Units to Account For Beginning work in process Units started into production Transferred out 3,500 85,000 84,000 Show Transcribed Text C Completed and transferred out Ending work in process Units 2 Total units to account for Work in process completion % Material Units Conversion Units Total Units Completed and transferred out Ending work in process Total units to account for Costs to Account For Beginning work in process Transferred in Incurred during the period Materials Conversion Total Total costs to account for Equivalent units Cost per equivalent unit for department Transferred-out costs Ending work in process Total costs to accounted for
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