PROBLEM 4- South River Chemical manufactures a product called Zbek. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 100% complete for DM and 60% complete for conversion; the ending work-in-process inventory is 100% complete for DM and 20% complete for conversion. The following data pertain to May: Work in process, Máy 1 Units started during May Units completed and transferred out Work in process, May 31 Costs: Work in process, May 1 Costs incurred during May Totals Units 15,000 60,000 68,000 7,000 Total $ 41,250 234.630 $275,880 Direct Materials $16,500 72,000 $88.500 Conversion Costs $ 24,750 162.630 $187.380 Use the WEIGHTED AVERAGE method. Show computations a. Compute the equivalent units of production for DM and conversion. b. Compute the cost per equivalent unit for DM and conversion.

PROBLEM 4- South River Chemical manufactures a product called Zbek. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 100% complete for DM and 60% complete for conversion; the ending work-in-process inventory is 100% complete for DM and 20% complete for conversion. The following data pertain to May: Work in process, Máy 1 Units started during May Units completed and transferred out Work in process, May 31 Costs: Work in process, May 1 Costs incurred during May Totals Units 15,000 60,000 68,000 7,000 Total $ 41,250 234.630 $275,880 Direct Materials $16,500 72,000 $88.500 Conversion Costs $ 24,750 162.630 $187.380 Use the WEIGHTED AVERAGE method. Show computations a. Compute the equivalent units of production for DM and conversion. b. Compute the cost per equivalent unit for DM and conversion.

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Description: PROBLEM 4-South River Chemical manufactures a product called Zbek. Direct materials are added at thebeginning of the process, and conversion activity occurs uniformly throughout production. Thebeginning work-in-process inventory is 100% complete for

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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Subject: Cost Accounting