Sherri Springs Work in process inventory, April 1, has 3,110 (units' equal cases): Direct Materials Direct labor 12,510 6,150 Manufacturing overhead (1,580 machine-hours at $5 per machine-hours) 7.900 26,560 Units started in April Costs incurred in April: Direct Materials Direct labor Manufacturing overhead applied (13,700 machine-hours) UNITS The ending inventory consisted of 4,490 units. These units were: 100% complete as to materials, 50% complete as to conversion. Complete a production report using the weighted average method. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). Units to account for: Beginning work-in-process Started in production Total units to account for Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for COSTS Costs to account for: Beginning work-in-process Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit Costs accounted for: Completed and transferred out Sherri Springs Whole Units Transferred In Transferred In n/a n/a n/a Sherri Springs Direct Materials 9,030 36,930 54,430 68,500 01 Equivalent Units Direct Material Conversion Costs EE Conversion Costs Total Costs 00
Sherri Springs Work in process inventory, April 1, has 3,110 (units' equal cases): Direct Materials Direct labor 12,510 6,150 Manufacturing overhead (1,580 machine-hours at $5 per machine-hours) 7.900 26,560 Units started in April Costs incurred in April: Direct Materials Direct labor Manufacturing overhead applied (13,700 machine-hours) UNITS The ending inventory consisted of 4,490 units. These units were: 100% complete as to materials, 50% complete as to conversion. Complete a production report using the weighted average method. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). Units to account for: Beginning work-in-process Started in production Total units to account for Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for COSTS Costs to account for: Beginning work-in-process Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit Costs accounted for: Completed and transferred out Sherri Springs Whole Units Transferred In Transferred In n/a n/a n/a Sherri Springs Direct Materials 9,030 36,930 54,430 68,500 01 Equivalent Units Direct Material Conversion Costs EE Conversion Costs Total Costs 00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Sherri Springs is a producer of flavored water. Below is the data for its production in April.
Sherri Springs
Work in process inventory, April 1, has 3,110 (units' equal cases):
Direct Materials
Direct labor
12,510
6,150
Manufacturing overhead (1,580 machine-hours at $5 per machine-hours) 7,900
26,560
Units started in April
Costs incurred in April:
Direct Materials
Direct labor
Manufacturing overhead applied (13,700 machine-hours)
The ending inventory consisted of 4,490 units. These units were: 100% complete as to materials.
50% complete as to conversion.
UNITS
Complete a production report using the weighted average method.
(Round your answers to two decimal places when needed and use rounded answers for all future
calculations).
Units to account for
Beginning work-in-process
Started in production
Total units to account for
Units accounted for:
Completed and transferred
out
Ending work-in-process
Total units accounted for
COSTS
Costs to account for
Beginning work-in-process
Costs added during period
Total costs to account for
Divided by: Total EUP
Cost per equivalent unit
Costs accounted for:
Completed and transferred
out
Ending work-in-process
Total costs accounted for
Sherri Springs
Whole
Units
Transferred
In
Transferred
In
n/a
n/a
n/a
Sherri Springs
9,030
36,930
54.430
68,500
Direct
Materials
Equivalent Units
Direct
Material
Conversion
Costs
Conversion
Costs
UD
Total Costs
Expert Solution
Step 1: Introduction
The equivalent units are calculated on the basis of the percentage of the work completed during the period. The unit cost is calculated as total cost divided by number of units produced.
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