## Answers

**Solution:**

Computation of Equivalent unit of Production | |||

Particulars | Physical Units | Material | Conversion |

Units to account for: | |||

Beginning WIP | 30000 | ||

Started into Production | 40000 | ||

Total units to account for | 70000 | ||

Units accounted for: | |||

Unit completed & Transferred out | 50000 | 50000 | 50000 |

Units in ending inventory: | 20000 | ||

Material (100%) | 20000 | ||

Conversion (30%) | 6000 | ||

Equivalent units of production | 70000 | 70000 | 56000 |

Computation of Cost per equivalent unit | |||

Particulars | Material | Conversion | Total |

Opening WIP | $60,000 | $22,500 | $82,500 |

Cost Added during Period | $110,100 | $86,700 | $196,800 |

Total cost to be accounted for | $170,100 | $109,200 | $279,300 |

Equivalent units of production | 70000 | 56000 | |

Cost per Equivalent unit | $2.43 | $1.95 |

Computation of Cost of ending WIP and units completed & transferred out | |||

Particulars | Material | Conversion | Total |

Equivalent unit of Ending WIP | 20000 | 6000 | |

Cost per equivalent unit | $2.43 | $1.95 | |

Cost of Ending WIP (Equivalent unit * Cost per equivalent unit) | $48,600 | $11,700 | $60,300 |

Units completed and transferred | 50000 | 50000 | |

Cost of units completed & Transferred (Unit completed * cost per equivalent unit) | $121,500 | $97,500 | $219,000 |

Cost reconciliation | |

Particulars | Amount |

Costs to be accounted for: | |

Cost of beginning WIP inventory | $82,500.00 |

Cost added to production | $196,800.00 |

Total Costs to be accounted for | $279,300.00 |

Costs accounted for as follows: | |

Cost of unit transferred out | $219,000 |

Ending WIP: | |

Material | $48,600 |

Converison | $11,700 |

Total Ending WIP | $60,300 |

Total costs accounted for | $279,300 |

#### Similar Solved Questions

1 answer

##### TheNichols Corp. had the following treasury stock transactions. 1-Sep The company purchased 1,000 shares of its...

TheNichols Corp. had the following treasury stock transactions. 1-Sep The company purchased 1,000 shares of its common stock for $40 per share for the treasury. 1-Oct 400 of the treasury shares were sold for $42 per share. 1-Nov 300 treasury shares were sold at $35...

1 answer

##### MP3. Consider a dc circuit consisting of a battery of emf E = 9.0 V and...

MP3. Consider a dc circuit consisting of a battery of emf E = 9.0 V and two resistors R = 5.0 22 and R' = 15.0 22 as shown in the figure below. The magnitude of the current I1 flowing through point 1 is, 9.0 V 5.0 22 >I, Z 15.02 Soi A) 1.2 A B) 2.4 A C) 4.8 A D) 9.6 A E) 12.6 A MP4. An electr...

1 answer

##### Which does suzuki in "hidden lessons" explore more thoroughly, the causes of children's negative or positive attitudes toward nature or the effects of these attitudes

which does suzuki in "hidden lessons" explore more thoroughly, the causes of children's negative or positive attitudes toward nature or the effects of these attitudes?...

1 answer

##### The balance sheet for the newly formed amce bank is shown below. Help Chapter 15 Homework...

the balance sheet for the newly formed amce bank is shown below. Help Chapter 15 Homework The balance sheet for the newly formed Last National Bank is shown below. The reserves listed on the balance sheet are reserves on deposit at the Federal Reserve. The cash is vault cash held at the bank. ...

1 answer

##### CIS 221 Loan Calculator Enhancement Introduction You are a systems analyst working for a company that...

CIS 221 Loan Calculator Enhancement Introduction You are a systems analyst working for a company that provides loans to customers. Your manager has asked you to enhance and correct their existing Loan Calculator program, which is designed to calculate monthly and total payments given the loan amount...

1 answer

##### Find the heaviside function to draw the graph below: Signal Generation in MATLAB arstory 0.5 0 -0.5 0 Time(s) Figure 2: Input Waveform Signal Generation in MATLAB arstory 0.5 0 -0.5 0 Time(s) Fi...

find the heaviside function to draw the graph below: Signal Generation in MATLAB arstory 0.5 0 -0.5 0 Time(s) Figure 2: Input Waveform Signal Generation in MATLAB arstory 0.5 0 -0.5 0 Time(s) Figure 2: Input Waveform...

1 answer

##### How does an electric field affect the movement of a charge?

How does an electric field affect the movement of a charge?...

1 answer

##### 7. A causal LTI system has a transfer function given by H (z) = -1 (1...

7. A causal LTI system has a transfer function given by H (z) = -1 (1 4 The input to the system is x[n] = (0.5)"u[n] + u[-n-1] ) Find the impulse response of the system b) Determine the difference equation that describes the system. c) Find the output y[n]. d) Is the system stable?...

1 answer

##### On April 1, 2020, Tulane Electronics enters into a contract to sell XPS computers to Precision...

On April 1, 2020, Tulane Electronics enters into a contract to sell XPS computers to Precision Equipment at $100,000, which is also the stand- alone selling price of the computers. Tulane will receive cash payment immediately. Delivery is scheduled for May 1, 2020. As part of the contract, Tulane of...

1 answer

##### Ahn’s utility function for goods X (pizzas) and Y (cola) is represented as U(X, Y) =...

Ahn’s utility function for goods X (pizzas) and Y (cola) is represented as U(X, Y) = 2ln(X)+ln(Y). The prices of X and Y are $1 and $1, respectively. Ahn’s income is $12. 1) Calculate Ahn’s optimal consumption bundle (X*, Y*). (X*, Y*)= . 2) Suppose there is an increase in the pric...

1 answer

##### Which system of equations below models the following problem? Your company makes and sells deck chairs....

Which system of equations below models the following problem? Your company makes and sells deck chairs. Model A take 3 square yards of canvas and 160 ounces of iron. Model B takes 4 square yards of canvas and 150 ounces of iron. You have 1,453 square yards of canvas and 62,800 ounces of iron. How ma...

1 answer

##### VIEW QUESTIONS REVIEW the following definitions within o ther forms of cons lammation of cardiac Endocard...

VIEW QUESTIONS REVIEW the following definitions within o ther forms of cons lammation of cardiac Endocard b. Pericarditis Myocard d. Throm How would you do the soft bophlebs Cardiac arre ammation of the se surrounding the heart Inflammation of the heart valves and chambers Heart suddenly ceases to p...

1 answer

##### Problem5 A balanced Y-Y four-wire system has phase voltages Van-1 10L0。V, Vbn-1104200 V, Ven 1102-1200 V....

Problem5 A balanced Y-Y four-wire system has phase voltages Van-1 10L0。V, Vbn-1104200 V, Ven 1102-1200 V. The load impedance per phase is 19 +j13 2, and the line impedance per phase is 1+,2 Ω. a) Construct the a-phase equivalent circuit of the system. b) Calculate the line currents and ...

1 answer

##### One year ago, your company purchased a machine used in manufacturing for $ 95 comma 000....

One year ago, your company purchased a machine used in manufacturing for $ 95 comma 000. You have learned that a new machine is available that offers many advantages; you can purchase it for $ 160 comma 000 today. It will be depreciated on a straight-line basis over ten y...

1 answer

##### A friend has two kittens (one brown and the other black) and is offering one to...

A friend has two kittens (one brown and the other black) and is offering one to you. You only want a kitten if it is female. The friend asks her veterinarian if at least one of the kittens is female. The veterinarian replies, “Yes!” What is the probability that if you select the black ki...