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Sunland Manufacturing Inc. has the following cost and production data for the month of April. Units in beginning work in process Units started into production Units completed and transferred Units in ending work in process Beginning inventory costs are: Direct materials Direct labour Manufacturing overhead Costs incurred during April include: Direct materials The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: Direct labour 17,100 Manufacturing overhead 104,500 91,300 30,300 $66,100 19,500 13,600 $569,525 199,100 359,860

Sunland Manufacturing Inc. has the following cost and production data for the month of April. Units in beginning work in process Units started into production Units completed and transferred Units in ending work in process Beginning inventory costs are: Direct materials Direct labour Manufacturing overhead Costs incurred during April include: Direct materials The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: Direct labour 17,100 Manufacturing overhead 104,500 91,300 30,300 $66,100 19,500 13,600 $569,525 199,100 359,860

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Sunland Manufacturing Inc. has the following cost and production data for the month of April. Units in beginning work in process Units started into production Units completed and transferred Units in ending work in process Beginning inventory costs are: Direct materials Direct labour Manufacturing overhead Costs incurred during April include: 17,100 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: Direct materials Direct labour Manufacturing overhead 104,500 91,300 30,300 $66,100 19.500 13,600 $569,525 199,100 359,860
Transcribed Image Text:Sunland Manufacturing Inc. has the following cost and production data for the month of April. Units in beginning work in process Units started into production Units completed and transferred Units in ending work in process Beginning inventory costs are: Direct materials Direct labour Manufacturing overhead Costs incurred during April include: 17,100 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: Direct materials Direct labour Manufacturing overhead 104,500 91,300 30,300 $66,100 19.500 13,600 $569,525 199,100 359,860
(a) Calculate the equivalent units of production for materials and conversion costs for the month of April using the first-in, first-out (FIFO) method. Total equivalent units (b) eTextbook and Media Materials Calculate the unit production costs for the month. (Round unit cost to 3 decimal places, e.g. 15.256.) Conversion costs Beginning Inventory Complete beginning WIP Started and completed $ Ending work in process Direct Materials Cost for units transferred out Total costs Unit Production Costs. Determine the costs to be assigned to the units transferred out and in ending work in process. (Round answers to 0 decimal places, e.g. 5,275.) Conversion costs Total Materials Attempts: 2 of 2 used Conversion
Transcribed Image Text:(a) Calculate the equivalent units of production for materials and conversion costs for the month of April using the first-in, first-out (FIFO) method. Total equivalent units (b) eTextbook and Media Materials Calculate the unit production costs for the month. (Round unit cost to 3 decimal places, e.g. 15.256.) Conversion costs Beginning Inventory Complete beginning WIP Started and completed $ Ending work in process Direct Materials Cost for units transferred out Total costs Unit Production Costs. Determine the costs to be assigned to the units transferred out and in ending work in process. (Round answers to 0 decimal places, e.g. 5,275.) Conversion costs Total Materials Attempts: 2 of 2 used Conversion
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