ry Bookmarks Window Help M3O Thu 8:37 PM edgenaleyplus.com Kimmel, 6e FINANCIAL

Question

ry Bookmarks Window Help M3O Thu 8:37 PM edgenaleyplus.com Kimmel, 6e FINANCIAL & MANAGERIAL (ACC 11°/210) BACK Exercise 16-13 Your answer is partially correct. Try again. The Welding Department of Healthy Company has the folowing production and manufacturing cos data for February 2017. Al maberials are added at the beginning off the process Manufacturing Costs Production Data Beginning work in process Beginning work in process Units transferred out 14,800 unts, 1/10 complete $18,500 55,800 1,400 10,800 units, LIS complete 14,760 $33,260 Units started Conversion costs Materials 241,004 Ending work in process 61,564 peoure a nrodusction cost repart for the Welidng Department fer the month of Peuary(Round unit cests to 2 declmal places a-g. 2.25 and al to O decimal places, e.g. 1,225 Ended February 28, 2017 Physical ials Uhits to Work in process February 1

Explanation / Answer

Healthy Manufacturing Company Physical Materials Conversion units costs Quantities Unit to be accounted for work in process,February 1 14,800 Started into production 51,400 total units 66,200 units accounted for Transferred out 55,400 55,400 55,400 work in process ,Feburary 28 10,800 10,800 2160 Total units 66,200 66,200 57,560 conversion total Costs Materials costs Unit costs total costs         259,504         143,324         402,828 Equivalent units            66,200            57,560 unit costs 3.92 2.49 6.41 costs to be accounted for work in process,February 1 33,260 Started into production 369568 total costs 402,828 Cost Reconciliation Schedule costs accounted for Transferred out 355114 work in process,Feburary 28 Materials 42336 Conversion costs 5378 47714 total costs 402828

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