Cardinal Company manufactures vitamin capsules. For the month of June, Cardinal's encapsulating departm (Transfer cost of beginning inventory + transfer cost of transferred out inventor $0.31 per unit
ment had 18,000 tons in beginning inventory (with transferred-in costs of $4,700) and 79,000 tons complet ry) / (Beginning inventory + Inventory transferred out)
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ted inventory during the month. Further, the mixing department completed and transferred out 69,000 tons
s at a cost of $22,700 in June. Calculate unit cost for the transferred-in category using the weighted average
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e method. (Note: Round answer to two decimal places.)
In April, Smith Company had the following results: Production: Line Item DescriptionUnits Units in process, April 1, 60% complete Units completed and transferred out Units in process, April 31, 40% complete Costs: Line Item DescriptionAmount Work in process, April 1$5,800 Costs added during April$43,000 Determine the equivalent units using the first-in, first-out costing method assuming costs are added uniformly.38,000 units 104,000 units 41,000 units
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.
DateUnits1-Oct Purchase80 $111.00 110 1-Oct Sale40 -101 3-Oct Sale30 -101 4-Oct Purchase70 $115.00 110 4-Oct Sale70 -101 4-Oct Sale60 -101 7-Oct Sale80 -101 7-Oct Purchase90 $117.00 110 8-Oct Purchase20 $118.00 110 8-Oct Sale30 -101 8-Oct Sale40 -101 9-Oct Sale20 -101 9-Oct Purchase50 $120.00 110 9-Oct Sale10 -101 9-Oct Sale20 -101 10-Oct Purchase50 $121.00 110 10-Oct Purchase20 $123.00 110 11-Oct Sale40 -101 11-Oct Sale30 -101 14-Oct Purchase40 $124.00 110 14-Oct Sale10 -101 15-Oct Sale30 -101 15-Oct Sale10 -101 16-Oct Purchase80 $124.00 110 17-Oct Purchase50 $124.00 110 17-Oct Sale10 -101 18-Oct Purchase50 $124.00 110 18-Oct Sale30 -101 21-Oct Sale30 -101 21-Oct Purchase100 $123.00 110 22-Oct Sale70-101 Purchase/SalePurchase Unit Cost Sign(purchase =+1, sale = -1)Sign for Costof Purchase(purchase =1, sale =0)Sign for Cost of Sales (sale = 1, purchase = 0)
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23-Oct Purchase10 $123.00 110 24-Oct Purchase100 $121.00 110 25-Oct Sale30 -101 25-Oct Sale20 -101 28-Oct Sale70 -101 28-Oct Purchase30 $123.00 110 29-Oct Sale120 -101 30-Oct Purchase50 $126.00 110 30-Oct Sale60 -101 31-Oct Purchase80 $129.00 110 31-Oct Purchase40 $132.00110
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