can i please get help with problem P3-6B 2 3 Process Costing Cost Data-June Work
ID: 341169 • Letter: C
Question
can i please get help with problem P3-6B
2 3 Process Costing Cost Data-June Work in proces, June I 840,000 245,000 420,000 $1.505,000 720,000 259,000 292,000 $1,271,000 Labor Total (a) (3) 812 Materiais $42 535 Instructions (a) For each plant (1) Compute the physical units of production (3) Determine the unit costs of production. (4) Show the assignment of costs to units transferred out and in process. (4) R12: mpute equivalent units of production for materíals and for conversion costs. Transferred out $1,232,000 WP 273,000 (b) Prepare the production cost report for Plant A for June 2017 Assig costs and prepare productiont cost reporz (LO 3, 4), AP P3-48 Luxman Company has several processing departments. Department for October 2017 totaled $1,298,400 as follows. Costs charged to the Assembly Work in process, October 1 Materials $29,000 Conversion costs Materials added Labor Overhead 16,500 45,500 1,006,000 138,900 108,000 Production records show that 25,000 unts were in beginning work in process 40% con- plete as to conversion cost, 435,000 units were started into production, and 35,000 units were in ending work in process 40% complete at the beginning of each process. as to conversion costs. Materials are entered (a) Determine the equivalent units of production and the unit production costs for the Assembly Department. t) Transferred out $1,211,250 (b) Determine the assignment of costs to goods transferred out and in process. (c) Prepare a production cost report for the Assembly Department. Ip 5 87,150 Deteomine equivalent senits and snit costs and assigr P3-5B Swinn Company manufactures bicycles., Materials are added at the beginning of the production process, and conversion costs are incurred uniformly, Production and cost data for the month of May are as follows. LO 3, 4). AP Units Com Production Data-Bicycles Work in process units, May 1 Units started in production Work in process units, May 31 500 80% 800 40% Cost Data-Bicycles Work in process, May 1 Materials $15,000 Conversion costs Direct materials Direct labor Manufacturing overhead 18,000$33,000 50,000 19,020 33,680 Instructions (a) Calculate the following. (1) The equivalent units of production for materials and conversion. (2) The unit costs of production for materials and conversion costs. (2) Materials $26 S35 (B) Transferred (3) The assignment of costs to units transfemed out and in process at the end of the 5103,700 accounting period. IP Conmpue equivolent uP3-68 Venuchi Cleaner Company uses a weighted, average rocess octuring cost system and single product-an all-purpose liquid cleaner. The manufacturing and complete production cost report. manufactures a activity for the month of March has just been completed. A partially completed produc- tion cost report for the month of March for the mixing and blending department is all-p (LO 3, 4), APExplanation / Answer
Equivalent Units QUANTITIES: Physical units Material Conversion Units to be accounted for: Work in process march1 10000 Started In production 76000 Total Units 86000 Units Accounted for: Transferred out 66000 66000 66000 Work in process in Mar31 20000 12000 4000 Total units 86000 78000 70000 COSTS: Units cost: Material Conversion Total Total Cost In $ 156000 98000 254000 Equivalent units 78000 70000 Uniits cost 2 1.4 3.4 Cost to be accounted for: Work in process march1 8700 Started in Production 245300 Total cost 254000 Cost Reconciliation Schedule Material Conversion Total Cost accounted for Transferred out 224400 Work in process March31 Material 24000 Conversion cost 5600 29600 Total cost 254000
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