..ll AT&T 10:58 AM 94% ch. 3 Homework Assignment .12 points lencove Co. makes on

Question

..ll AT&T 10:58 AM 94% ch. 3 Homework Assignment .12 points lencove Co. makes one model of radar gun used by ll direct materials are added at the beginning of the nformation for the month of September follows Units Costs Beginning work in process (40% complete) Direct materials $1,336,500 Conversion cost 625,800 $1,962,300 Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (75% complete) Current period costs 36.400 34,800 21,850 Direct materials Conversion cost $2,402,400 1,266,500 $3,668,900 Total current period costs equired: & 2. Using FIFO method of process costing, compl teps . Reconcile the number of physical units worked on Physical Units Physical Units Beginning Units Units Started Total Units Units Completed Ending Units 0 Total Units

Explanation / Answer

1&2 Physical Units Physical Units a) Beginning Units 20250 Units Completed 34800 Units Started 36400 Ending Units 21850 Total Units 56650 Total Units 56650 b) Equivalent Units Physical Units Direct Materials Conversion Beginning Inventory 20250 0.00 12150.00 Started and Completed 14550 14550.00 14550.00 Ending inventory 21850 21850.00 16387.50 Total 56650 36400.00 43087.50 c) Cost per equivalent unit 66.00000 29.39368 Current Period Costs d) Prior Period Costs Direct Materials Conversion Cost Total Cost Beginning Inventory 1962300 0 357133 2319433.2 Started and Completed 0 960300 427678 1387978 Ending inventory 0 1442100 481689 1923788.9 Total 1962300 2402400 1266500 5631200

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