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  • Materials Equivalent Units of Production (Weighted Average) : Beginning

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    The document reports production statistics for a manufacturing department for the month ending May 31, 2003. It states that 234,000 equivalent units were completed from a beginning WIP of 24,000 units and 12,000 new units started, for a total of 252,000 equivalent units accounted for. The ending WIP was 18,000 units. It also provides the costs of raw materials, conversion, and containers to calculate the total cost of production as $1,450,800.

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    Problem 9.4

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    The document reports production statistics for a manufacturing department for the month ending May 31, 2003. It states that 234,000 equivalent units were completed from a beginning WIP of 24,000 units and 12,000 new units started, for a total of 252,000 equivalent units accounted for. The ending WIP was 18,000 units. It also provides the costs of raw materials, conversion, and containers to calculate the total cost of production as $1,450,800.

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    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    8 views5 pages

    Materials Equivalent Units of Production (Weighted Average) : Beginning

    Uploaded by

    star609
    The document reports production statistics for a manufacturing department for the month ending May 31, 2003. It states that 234,000 equivalent units were completed from a beginning WIP of 24,000 units and 12,000 new units started, for a total of 252,000 equivalent units accounted for. The ending WIP was 18,000 units. It also provides the costs of raw materials, conversion, and containers to calculate the total cost of production as $1,450,800.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 5

    EQUIVALENT UNITS OF PRODUCTION (WEIGHTED AVERAGE) Materials Units completed 234 000 Equivalent units for WIP end

    18 000 252 000

    PRODUCTION

    Physical Flow Schedule WIP beg Units started Units accounted for Units completed WIP end Costs to be accounted for: Raw materials Conversion Containers Beginning 24 000 12 000 36 000

    Costs to be accounted for: Units completed

    (234 000 x $6.20)

    WIP end Raw materials Conversion costs

    (18 000 x $2) (6 000 x $4)

    ON (WEIGHTED AVERAGE) Conversion containers 234 000 234 000 6 000 0 240 000 234 000

    PRODUCTION DEPARTMENT COST OF PRODUCTION REPORT FOR THE MONTH ENDING 31 MAY 2003 Units 12 000 240,000 252 000 234 000 18 000

    ow Schedule

    unted for

    Current 480 000 948 000 46 800 1 474 800

    Total 504 000 960 000 46 800 1 510 800

    Equivalent units 252 000 240 000 234 000

    Unit cost $2 $4 $0.20 $6.20

    $1 450 800

    36 000 24 000

    60 000 1 510 800

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