REQUIREMENTS Part I- Compute for the Equivalent Units of Production (EUP) for each independent case by preparing a Quantity Schedule. Assume that all product costs (materials and conversion costs) are evenly applied throughout the process. Case 1: In Process, Beg Stage of Completion Placed in Process 10,000 units 1/4 done 50,000 units Transferred Out In Process, End 22,000 units ? units, 5/8 done Note: In process end is equal to 80% of that in beginning work in process In Process, End Stage of Completion 12,000 60% done Case 6: ? units, 30% done 120,000 units 130,000 units 10,000 units ? units, 25% incomplete Note: In process end is equal to 75% of that in Case 2: In Process, Beg In Process, Beg Placed in Process Transferred Out ? units, % incomplete 40,000 units 50,000 units 12,000 units, 50% complete Placed in Process Finished and on Hand In Process, End Transferred Out In Process, End beginning work in process Case 3: In Process, Beg 8,000 units, 40% complete 16,000 units, 5/8 incomplete 80,000 units Case 7: In Process, Beg Placed in Process In Process, End ? units, 3/4 done ? units 4,000 units, 1/8 done 10,000 units In Process, End Total Units to be Accounted For Placed in Process, Completed & Transferred Finished and on Hand Equivalent units of Production 3,000 14,250 Case 4: Transferred Out In Process, Beg Finished and on Hand In Process, End Total Units to be | Accounted For 20,000 units 8,000 units, 1/5 done 4,000 units ? units, 2/3 complete Case 8: In Process, Beg 10,000 units, 70% done 25,000 units ? units, 60% done 27,000 30,000 Transferred Out In Process, End Equivalent units of Production Case 5: In Process, Beg Total Units to be ? units, 1/10 done 30,000 units Accounted For

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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REQUIREMENTS
Part I - Compute for the Equivalent Units of Production (EUP) for each independent case by
preparing a Quantity Schedule. Assume that all product costs (materials and conversion costs) are
evenly applied throughout the process.
Transferred Out
In Process, End
Note: In process end is equal to 80% of that in
Case 1:
22,000 units
? units, 5/8 done
In Process, Beg
Stage of Completion
10,000 units
1/4 done
50,000 units
Placed in Process
beginning work in process
In Process, End
Stage of Completion
12,000
60% done
Case 6:
In Process, Beg
Placed in Process
Transferred Out
Finished and on Hand
In Process, End
? units, 30% done
120,000 units
130,000 units
10,000 units
? units, 25%
incomplete
Note: In process end is equal to 75% of that in
Case 2:
In Process, Beg
? units, ¾ incomplete
Placed in Process
40,000 units
50,000 units
12,000 units, 50%
complete
Transferred Out
In Process, End
beginning work in process
Case 3:
In Process, Beg
8,000 units, 40%
complete
16,000 units, 5/8
incomplete
80,000 units
Case 7:
In Process, Beg
Placed in Process
In Process, End
Placed in Process,
Completed & Transferred
Finished and on Hand
Equivalent units of
Production
? units, 3/4 done
? units
4,000 units, 1/8 done
10,000 units
In Process, End
Total Units to be
Accounted For
3,000
14,250
Case 4:
Transferred Out
In Process, Beg
Finished and on Hand
In Process, End
Total Units to be
Accounted For
20,000 units
8,000 units, 1/5 done
4,000 units
? units, 2/3 complete
30,000
Case 8:
In Process, Beg
10,000 units, 70%
done
Transferred Out
In Process, End
Equivalent units of
Production
25,000 units
? units, 60% done
27,000
Case 5:
In Process, Beg
Total Units to be
Accounted For
? units, 1/10 done
30,000 units
Dago LO
Transcribed Image Text:REQUIREMENTS Part I - Compute for the Equivalent Units of Production (EUP) for each independent case by preparing a Quantity Schedule. Assume that all product costs (materials and conversion costs) are evenly applied throughout the process. Transferred Out In Process, End Note: In process end is equal to 80% of that in Case 1: 22,000 units ? units, 5/8 done In Process, Beg Stage of Completion 10,000 units 1/4 done 50,000 units Placed in Process beginning work in process In Process, End Stage of Completion 12,000 60% done Case 6: In Process, Beg Placed in Process Transferred Out Finished and on Hand In Process, End ? units, 30% done 120,000 units 130,000 units 10,000 units ? units, 25% incomplete Note: In process end is equal to 75% of that in Case 2: In Process, Beg ? units, ¾ incomplete Placed in Process 40,000 units 50,000 units 12,000 units, 50% complete Transferred Out In Process, End beginning work in process Case 3: In Process, Beg 8,000 units, 40% complete 16,000 units, 5/8 incomplete 80,000 units Case 7: In Process, Beg Placed in Process In Process, End Placed in Process, Completed & Transferred Finished and on Hand Equivalent units of Production ? units, 3/4 done ? units 4,000 units, 1/8 done 10,000 units In Process, End Total Units to be Accounted For 3,000 14,250 Case 4: Transferred Out In Process, Beg Finished and on Hand In Process, End Total Units to be Accounted For 20,000 units 8,000 units, 1/5 done 4,000 units ? units, 2/3 complete 30,000 Case 8: In Process, Beg 10,000 units, 70% done Transferred Out In Process, End Equivalent units of Production 25,000 units ? units, 60% done 27,000 Case 5: In Process, Beg Total Units to be Accounted For ? units, 1/10 done 30,000 units Dago LO
Part III - Compute for the Equivalent Units of Production (EUP) by preparing a Quantity Schedule for
each department.
PROBLEM 1
Department A
? units
Department B
40,000 units
In Process, Sept. 1
Stage of Completion
Placed in Process
Transferred to Stockroom
In Process, Sept. 30
Stage of Completion
40% done
60%
175,000 units
190,000 units
15,000 units
60,000 units
75%
In Department A, all costs (materials and conversion costs) are evenly applied throughout the process.
60%
In Department B, materials are added as follows: 40% at the start, 35% are added when the goods are
3/5 done and the remaining 25% are added at the end.
Requirements:
1. Quantity Schedule
2. Cost of Production Report
3. Journal Entries
4. T-Account for Work in Process
Transcribed Image Text:Part III - Compute for the Equivalent Units of Production (EUP) by preparing a Quantity Schedule for each department. PROBLEM 1 Department A ? units Department B 40,000 units In Process, Sept. 1 Stage of Completion Placed in Process Transferred to Stockroom In Process, Sept. 30 Stage of Completion 40% done 60% 175,000 units 190,000 units 15,000 units 60,000 units 75% In Department A, all costs (materials and conversion costs) are evenly applied throughout the process. 60% In Department B, materials are added as follows: 40% at the start, 35% are added when the goods are 3/5 done and the remaining 25% are added at the end. Requirements: 1. Quantity Schedule 2. Cost of Production Report 3. Journal Entries 4. T-Account for Work in Process
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