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028quest ACG 2071 VIRTUAL COLLEGE Homework: Chapter 7 Homework Score: 0 of 1 pt

ID: 2510831 • Letter: 0

Question

028quest ACG 2071 VIRTUAL COLLEGE Homework: Chapter 7 Homework Score: 0 of 1 pt E5-25A (similar to) lce's Apple Pes colleched the folowing production informantion reiating to November's batking operations Complete the 1. Summare the ow of physical units 2. Computle output in terms of equivalent units the first two steps in the process costing procedure Equivalent Unit C Physical Dict Conversion Flow of Production Units to account for Total equivalent units Choose from any lst or enter any number in the input Selds and then click Chack Answer Clear All cops lock

Explanation / Answer

Solution:

Alice's Apple Pies

Equivalent Unit Computation

Flow of Production

Flow of Physical Units

Equivalent Units

Direct Materials

Conversion Costs

Units to account for:

Beginning Work in Process

200000

Units Started during the month

1000000

Total units to account for

1200000

Units accounted for:

Started and Completed during the period

(1,200,000 - Ending WIP 150,000)

(100% complete in all respect)

1050000

1050000

1050000

Ending Work In Process

(75% complete for material and 90% complete for conversion)

150000

112500

(150000*75%)

135000

(150000*90%)

Total Units accounted for

1200000

Total Equivalent Units

1162500

1185000

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Alice's Apple Pies

Equivalent Unit Computation

Flow of Production

Flow of Physical Units

Equivalent Units

Direct Materials

Conversion Costs

Units to account for:

Beginning Work in Process

200000

Units Started during the month

1000000

Total units to account for

1200000

Units accounted for:

Started and Completed during the period

(1,200,000 - Ending WIP 150,000)

(100% complete in all respect)

1050000

1050000

1050000

Ending Work In Process

(75% complete for material and 90% complete for conversion)

150000

112500

(150000*75%)

135000

(150000*90%)

Total Units accounted for

1200000

Total Equivalent Units

1162500

1185000