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Chapter 6 HW check figures (not including Problem 37, done in class)

Exericse 21.
Total units to account for are 70,000.
Completed units for the period were 50,000 (10,000 from beginning inventory, 40,000 from current pe
Ending WIP was 20,000 units
DM cost per EU =
$
4.00
Conv. Cost per EU =
$
6.40
Total cost per EU =
$
10.40

Cost of goods transferred out =


548,000
(Beg. Inv. Cost of $100,000; Finish BI units for $32,000; cost of units started & completed was $416,0
Cost of goods in ending WIP Inv. =
112,000
(Materials cost of $80,000, Conv. Cost of $32,000)
Reconciliation: Cost of goods transferred out

548,000

Cost of ending WIP inventory


Total costs accounted for:

112,000
660,000

Costs to account for: BI MBI DM & Conv. Cost


Current Per. DM
Current Per. Conv.
Total costs to account for:

100,000
240,000
320,000
660,000

Problem 6.34
Physical Units
Beginning Inv.
Started
Total to account for

90,000
135,000
225,000

Completed: From Beg. Inv:


Completed: From Current Per:
Ending WIP Units
Total units accounted for
Cost per unit

Cost of units transferred out:


Beginning Inventory Costs
Finish Beg. Inventory
Units Started and Completed this period

Cost of units in ending WIP Inventory:

Total costs accounted for


Total costs:

Beg. Inv.

Current
Total to account for

40,000 from current period).

completed was $416,000)

om Beg. Inv:
om Current Per:

unted for

90,000
90,000
45,000
225,000

EU -- Uniform so no distinction between DM & CC


54,000
90,000
36,000
180,000
$

nsferred out:
tory Costs

2.90

216,720
156,600
261,000
634,320

d Completed this period

ending WIP Inventory:

104,400

otal costs accounted for:

738,720
216,720

otal to account for

522,000
738,720

tion between DM & CC