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  • MA Task 4

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    Cost added during may 1 material 18000 2389000 2569000 35000 $7. Exercise 4-4 material Ending WIP inventory Equivalent Unit production ( materials ) 300 $31. $9468 Total labour 5500 80300 85800 33000 $2. Overhead 27500 401500 42900 33000 $1. Units 30000 175000 190000 materials 65% conversion 30% Exercise 4-5 MELT and MOLD DEPARTMENT COST PER EQUIVALENT UNIT - FIFO METHOD MATERIALS CONVERSION

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    MA task 4

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    Cost added during may 1 material 18000 2389000 2569000 35000 $7. Exercise 4-4 material Ending WIP inventory Equivalent Unit production ( materials ) 300 $31. $9468 Total labour 5500 80300 85800 33000 $2. Overhead 27500 401500 42900 33000 $1. Units 30000 175000 190000 materials 65% conversion 30% Exercise 4-5 MELT and MOLD DEPARTMENT COST PER EQUIVALENT UNIT - FIFO METHOD MATERIALS CONVERSION

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    32 views2 pages

    MA Task 4

    Uploaded by

    nawzaz
    Cost added during may 1 material 18000 2389000 2569000 35000 $7. Exercise 4-4 material Ending WIP inventory Equivalent Unit production ( materials ) 300 $31. $9468 Total labour 5500 80300 85800 33000 $2. Overhead 27500 401500 42900 33000 $1. Units 30000 175000 190000 materials 65% conversion 30% Exercise 4-5 MELT and MOLD DEPARTMENT COST PER EQUIVALENT UNIT - FIFO METHOD MATERIALS CONVERSION

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    of 2

    Exercise 4-2 computation of equivalent units

    Weighted average method

    Started: 175000 units


    Transferred: 190000 units
    units materials conversion
    Beginning wip 30000 65% 30%
    Unit started into 175000
    production during
    out
    Unit completed 190000
    during out s
    transferred out to
    the next
    department

    Unit transferred to the 190000 190000


    next department
    Ending WIP
    Materials: 150000x80% 12000
    Conversion: 15000x40% 6000
    Equivalent unit of 202000 196000
    production

    Exercise 4-3
    material labour overhead
    WIP ( may 1 ) 18000 5500 27500
    Cost added 2389000 80300 401500
    during
    may 1
    2569000 85800 42900
    35000 33000 33000
    $7.34 $2.6 $1.3

    Exercise 4-4
    material Conversion Total
    Ending WIP
    inventory
    Equivalent unit 300 100
    production
    ( materials )
    $31.56 $9.32
    $9468 $932 $10400

    Unit completed
    and transferred
    out:
    Unit transferred to 1300 1300
    the next
    department
    31.56 9.32
    $41028 $12116 $53144

    Exercise 4-5

    MELT & MOLD DEPARTMENT


    COST PER EQUIVALENT UNIT – FIFO
    METHOD
    MATERIALS CONVERSION

    Cost Added During The Period 42,600


    42,500
    Equivalent Units of Product 500
    400
    Cost per Equivalent Unit 85.2
    106.25

    Exercise 4-6

    MELT & MOLD DEPARTMENT


    MATERIALS LABOR OH

    Cost Added During May 193,320


    62,000 310,000
    Equivalent Units of Production 27,000
    25,000 25,000
    Cost per Equivalent Unit 7.16
    2.48 12.40

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