QUESTION 14 NSPl a chemical manufacturing company The following data pertains to

Question

QUESTION 14 NSPl a chemical manufacturing company The following data pertains to its Production Dep Accounting period is January 20xx units(u) 200 Beg work in process (BWIP) Percentage of completion BWIP % Costs of BWIP Added (Started) Cost of added Completed & Transferred Out (CTO)u End work in process (EWIP) CC are added proportionally over the process. No Spoilage or Defective units M Material: CC = Conversion Costs Using Weighted Average 100% 40% $2,000 $2,000 800 $22,000 $44,000 900 100% 70% A. $6,211 B. $77.00 C. 100 D. 800 E. $71.42 F. $64,280 G. $5,720 H. 200 . 120 J. 1000 K. S63,789 Units in EWIP Equivalent units (total) Cost per equivalent units, total YCost of completed and transferred out YCost for ending WIP

Explanation / Answer

Unit in EWIP = 200+800-900 = 100 units

Equivalent unit :

Cost per equivalent unit :

Cost per equivalent unit total = (47.42+24) = 71.42

Cost of units completed and transferred out = (71.42*900) = 64280

Cost of ending work in process = (24*100+47.42*70) = 5720

Physical unit % material % conversion cost Unit completed and transferred out 900 100% 900 100% 900 Ending work in process 100 100% 100 70% 70 Total equivalent unit 1000 970

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