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Acctg 7
1. Bonus
2. D
WIP:
Units process end 4,000
Add: Units completed 10,000
Total Units Placed in process 14,000
Less: Units process beg 3,000
Units started in Process 11,000
3. S
Case 1
FIFO
WIP beg. 400 50% 200
Started units (5500 – 400) 5100 100% 5100
WIP end 600 25% 150
5,450
4. D
FIFO
M EUP-M CC EUP-CC
WIP beg. 500 0% 0 60% 300
Started (2100 – 500) 1600 100% 1600 100% 1600
WIP end 400 100% 400 25% 100
2000 2000
5. C
6. A
FIFO
M EUP
WIP beg 60,000 0% 0
Started (110k – 60k) 50,000 100% 50,000
WIP end 70,000 100% 70,000
120,000
7. A
FIFO
M EUP CC EUP
Beg. INV 15,000 0% 0 60% 9,000
Started (120k-15k) 105,000 100% 105,000 100% 105,000
End INV 45,000 100% 45,000 30% 13,500
150,000 127,500
8.
CC EUP
Transfer 14,000 100% 14,000
WIP end 10,000 60% 6,000
20,000
9.
FIFO
CC EUP
WIP beg 15,000 20% 3,000
March Production 45,000 100% 45,000
WIP end 12,000 80% 9,600
57,600
10. D
M EUP CC EUP
WIP beg 200 0% 0 75% 150
Started (1200 – 200) 1000 100% 1000 100% 1000
WIP end 200 100% 200 50% 100
1,200 1,250
11. D
WAVE
M EUP CC
Transfer 105,000 100% 105,000 100% 105,000
WIP end 20,000 100% 20,000 80% 16,000
125,000 121,000