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Exercise 4-6 (10 minutes)

Work in ProcessCooking ............


Raw Materials Inventory .........

42,000

Work in ProcessCooking ............


Work in ProcessMolding ............
Wages Payable.......................

50,000
36,000

Work in ProcessCooking ............


Work in ProcessMolding ............
Manufacturing Overhead.........

75,000
45,000

Work in ProcessMolding ............


Work in ProcessCooking ......

160,000

Finished Goods ............................


Work in ProcessMolding .......

240,000

42,000

86,000

120,000
160,000
240,000

Exercise 4-8 (15 minutes)


Weighted-Average Method
1.
Units transferred to the next
department .....................................
Work in process, ending:
Materials:
8,000 units 75% complete..........
Labor and overhead:
8,000 units 50% complete..........
Equivalent units of production .............

Materials

2.

Materials

Labor

Overhead

Cost of beginning work in process ....


Cost added during the period ...........
Total cost (a) ..................................

$ 4,320
52,800
$57,120

$ 1,040
21,500
$22,540

$ 1,790
32,250
$34,040

Equivalent units of production (b) ....


Cost per equivalent unit (a) (b) ....

48,000
$1.19

46,000
$0.49

46,000
$0.74

42,000

Labor

Overhead

42,000

42,000

4,000
46,000

4,000
46,000

6,000
48,000