Accounting 2 Chapter 4 HW

School: Charleston Southern University - Course: ACCT 2 - Subject: Accounting

Chapter 4 Homework 4-2 MaterialConversion cost Transferred Out190000190000 Work in process120006000 15000*0.815000*0.4 Total Units202000196000 4-3 MaterialLaborOverheadTotal Cost of WIP18,000.005,500.0027,500.0051,000.00 Cost incurred in current Process2,38,900.0080,300.004,01,500.007,20,700.00 Total Cost2,56,900.0085,800.004,29,000.00 Equivalent Units35,000.0033,000.0033,000.00 Cost per Equivalent unit for Material, Labor & Overhead7.342.6013.00 Total cost per equivalent whole unit22.94 4-4 Ending WIP Inventory: 2000x13.86= 27720 (materials) 800x4.43= 3544 (Conversion)Total: 31264 4-9 Units% materialEUP Materials% Labor
 
Units Transferred4200010042000100 Units of Ending WIP800075600050 EUP Labor% OverheadEUP overhead Units transferred 4200010042000 Units of Ending WIP 4000504000 4600046000 MaterialLaborOverhead Beginning WIP432010401790 Cost Incurred528002150032250 Total Costs571202254034040 EUP480004600046000 Cost per EUP1.190.490.74 4-10 Units%materialEUP materials Units of Ending WIP2500010025000 Units started and Comp.355000100355000 Beginning WIP2000000 EUP400000380000 Units of Production Beginning WIP20000 Units Started this period380000 Total Units to account for400000 Completed and transferred out355000
Ending WIP25000 Total units to account for380000

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