Standard

1 - physical flow of unit&equ. Uints units Direct material Conversion

* units to be accounted for
beginning WIP 400
units transferred in 1,600
total 2,000
* units accounted for
Beg.WIP.COMP 400 0 120
units completed 1,100 1,100 1,100
End.WIP 500 500 150
total 2,000 1,600 1,370

2- cost per equivalent unit

cost at the beginning $17,400.00 $0.00 $0.00
cost incurred $131,580.00 $57,600.00 $73,980.00
total $148,980.00 $57,600.00 $73,980.00
cost per equivalent unit $36.00 $54.00 total $90.00

3- cost reconciliation schedule

* Costs to be accounted for
beginning WIP $17,400.00
units transferred in $131,580.00
total $148,980.00
* Costs accounted for
BEG.WIP.COMP $23,880.00 $0.00 $6,480.00
units completed $99,000.00 $39,600.00 $59,400.00
End.WIP $26,100.00 $18,000.00 $8,100.00
total $148,980.00
Premium
1 - physical flow of unit&equ. Uints units Direct material Conversion
* units to be accounted for
beginning WIP 100
 units transferred in 900
total 1,000
* units accounted for
Beg.WIP.COMP 100 0 25
units completed 700 700 700
End.WIP 200 200 80
total 1,000 900 805

2- cost per equivalent unit

cost at the beginning $8,000.00 $0.00 $0.00
cost incurred $139,475.00 $63,000.00 $76,475.00
total $147,475.00 $63,000.00 $76,475.00
cost per equivalent unit $70.00 $95.00 total $165.00

3- cost reconciliation schedule

* Costs to be accounted for
beginning WIP $8,000.00
units transferred in $139,475.00
total $147,475.00
* Costs accounted for
BEG.WIP.COMP $10,375.00 $0.00 $2,375.00
units completed $115,500.00 $49,000.00 $66,500.00
End.WIP $21,600.00 $14,000.00 $7,600.00
total $147,475.00