EBK AUDITING+ASSURANCE SERVICES
17th Edition
ISBN: 9780135171219
Author: ARENS
Publisher: PEARSON CO
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Question
Chapter 13, Problem 34DQP
(a).
To determine
Determine the phase of audit in which activity occurs.
(b).
To determine
Determine the sequence in which typical audit would be performed.
(c).
To determine
Determine the parts which will be done before 31st July.
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Flow of Production Units
Units to be accounted for:
Beginning WIP inventory
MERCIER MANUFACTURING
Fabricating Department
Production Cost Report-FIFO
Phycol Units
Total Costs
Prior
Department Materials Labor
Costs
Manufacturing
Overhead
Units started this period
Total units to be accounted for
15,000
75,000
90,000
Units accounted for.
Units
completed and transfered out:
From beginning inventory
15,000
Started and completed currently
45,000
45,000
45,000
45,000
46,000
Units in ending WIP Inventory
30,000
30,000
30,000
18,000
15,000
Total units accounted for
90,000
75,000
75.000
63,000
60,000
Costs to be accounted for.
Costs in beginning WIP inventory
$
129,570 $
75,750 $ 36,000 $
9,300 $
8,520
Current period costs
Total costs to be accounted for
$
129,570 $ 75,750
214,200
$250,200 $
64,800
33,480
74,100 $
42,000
Cost per equivalent unit
Prior department costs
Materials
Labor
Manufacturing overhead
Costs accounted for.
S
4.80
$ 2.80
$
0.96
S
(0.48)
Costs assigned to units transformed out:…
Raw materials purchased and ending inventory
General accounting
Chapter 13 Solutions
EBK AUDITING+ASSURANCE SERVICES
Ch. 13 - Prob. 1RQCh. 13 - Prob. 2RQCh. 13 - Prob. 3RQCh. 13 - Prob. 4RQCh. 13 - Prob. 5RQCh. 13 - Prob. 6RQCh. 13 - Explain how the calculation and comparison to...Ch. 13 - Prob. 8RQCh. 13 - Prob. 9RQCh. 13 - For each of the eight types of evidence discussed...
Ch. 13 - Prob. 11RQCh. 13 - Prob. 12RQCh. 13 - Prob. 13RQCh. 13 - Prob. 14RQCh. 13 - Prob. 15RQCh. 13 - Prob. 16RQCh. 13 - Prob. 17RQCh. 13 - Prob. 18RQCh. 13 - Prob. 19RQCh. 13 - Prob. 20RQCh. 13 - Prob. 21.1MCQCh. 13 - Prob. 21.2MCQCh. 13 - A conceptually logical approach to the auditors...Ch. 13 - Prob. 22.1MCQCh. 13 - Prob. 22.2MCQCh. 13 - Prob. 22.3MCQCh. 13 - Prob. 23.1MCQCh. 13 - b. Substantive analytical procedures are most...Ch. 13 - Prob. 23.3MCQCh. 13 - Prob. 24DQPCh. 13 - Prob. 25DQPCh. 13 - Prob. 26DQPCh. 13 - Prob. 27DQPCh. 13 - Prob. 28DQPCh. 13 - Prob. 29DQPCh. 13 - Prob. 30DQPCh. 13 - Prob. 31DQPCh. 13 - Prob. 32DQPCh. 13 - Prob. 33DQPCh. 13 - Prob. 34DQPCh. 13 - Prob. 35DQP
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