10:31 AM mathxl.com Do ACG 2071 Fall 2017 jennifer sanchez 11/2/17 10:31 AM Home
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10:31 AM mathxl.com Do ACG 2071 Fall 2017 jennifer sanchez 11/2/17 10:31 AM Homework: Ch.7 Process Cost Score: 0 of 1 pt E5-27A (similar to) 4 of 5 (1 complete) Hw Score: 7.38%, 0.37 of 5 pts Question Help * Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. Data from the month of Color World and paint products. The company has two dep are as follows (Click the icon to view the data from May.) Start Choose from any drop-down list and then click Check Answer 6 remaining r AllExplanation / Answer
Flow of Production Units Compute Equivalent units Physical Units Materials Labour Units to be acoounted for: a Beginning WIP 0 b Units started this period 9700 c Total units to be accounted for 9700 d Units accounted for: e Units completed and transferred out: f From beginning In ventory 0 0 0 g Started and completed currently 6800 6800 6800 h Units in ending WIP inventory 2900 2900 (2900*100%) 870 (2900*30%) i Total units to be accounted for 9700 9700 7670 j Cost incurred 5820 2301 =1000+1301 k=j/i Cost per equivalent units (Cost/No of equivalent units) $ 0.60 $ 0.30 Details Total Costs Materials Labour Costs Accounted for: Costs assigned to units transfer out: l Costs from beginning inventory $ - $ - $ - m=k*f Current cost added to complete beginning inventory $ - $ - $ - n=k*g Total cost of units started and completed $ 6,120.00 $ 4,080.00 (6800*.6) $ 2,040.00 (6800*.3) o Total cost of units transfred out $ 6,120.00 $ 4,080.00 $ 2,040.00 p=k*h Cost assigned to WIP ending $ 2,001.00 $ 1,740.00 (2900*.6) $ 261.00 (870*.3) q=o+p Total costs to be accounted for $ 8,121.00 $ 5,820.00 $ 2,301.00
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