Units Materials Conversion

Work in progress, Beginning 20000 100% 75%

Started into production 180000
Completed and tranferred out 160000
Work in progress, ending 40000 100% 25%

Materials Conversion Total

Work in process, beginning 25200 24800 50000
Cost added during June 334800 238700 573500
Total Cost 360000 263500 623500

Prob 1

Blending department
Material Conversion
Units transfered to the next dep 160000 160000
Equivalent units in ending work in process inv 40000 10000
Equivalent Units of production 200000 170000

Prob 2

Materials Conversion
Work in process, beginning 25200 24800
Cost added during June 334800 238700
Total Cost 360000 263500
Equivalent Units of production 200000 170000
Cost per Equivalent Unit 1.8 1.55

Prob 3 and 4
Materials Conversion
Ending work in process inv:
Equivalent Units 40000 10000
Cost per unit 1.8 1.55
Cost of ending work in process inv 72000 15500 87500

Units completed and transferred out

Unit tranferred to the next 160000 160000

Cost per Equivalent Unit 1.8 1.55
Cost of units tranferrd out 288000 248000 536000

Prob 5
Cost to be accounted for :
cost of beginning work in process inv 50000
Cost added to production during in the period 573500
623500
Costs accounted for as follows :
Cost of ending work in process inventory 87500
Cost of units transferred out 536000
623500
 1.26 33066.67 1.653333
1.86 1.591333

Weighted avg. method

20000 20000
1.8 1.55
36000 31000 67000
 Units Materials Conversion
Work in progress, Beginning 20000 100% 75%
Started into production 180000
Completed and tranferred out 160000
Work in progress, ending 40000 100% 25%

Materials Conversion Total

Work in process, beginning 25200 24800 50000
Cost added during June 334800 238700 573500
Total Cost 360000 263500 623500

Prob 1

Blending department
Material Conversion
Beginning work in process inv 0 5000
Unit started and completed work during period 140000 140000
Equivalent unit in ending work 40000 10000
Total equivalent units 180000 155000

Prob 2
Material Conversion
Cost added during the period 334800 238700
Equivalent units 180000 155000
cost per unit 1.86 1.54

Prob 3

Ending work in process inv Material Conversion

Equivalent units 40000 10000
Equivalent cost 1.86 1.54
Cost of equivalent qty 74400 15400
89800

cost in beginning work in process inv 25200 24800 50000

Cost to complete the units in beg work in process inv
eq qty 0 5000
Cost 1.86 1.54
7700 7700
Cost of units started and completed this period
qty 140000 140000
cost/ unit 1.86 1.54
Cost 260400 215600 476000
Problem 5

Renconcillation

Work in process, beginning 25200 24800 50000

Cost added during June 334800 238700 573500
623500

WIP Beginning 50000

Processing of WIP 7700
cost of ending work in process 89800
Cost of units transferred 476000
623500

LIFO Layer
LIFO Reserve