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  • Week 5 Cma Ans

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    Elien Zos
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    Exercises 4-6 (10 minutes) and 4-8 (15 minutes) work in process--cooking. Work in process, ending: Materials x 75% complete. Labor and overhead x 8,000 units x 50% complete. Total cost (a). Equivalent units of production (b). Cost added during the period.

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    Exercises 4-6 (10 minutes) and 4-8 (15 minutes) work in process--cooking. Work in process, ending: Materials x 75% complete. Labor and overhead x 8,000 units x 50% complete. Total cost (a). Equivalent units of production (b). Cost added during the period.

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    17 views1 page

    Week 5 Cma Ans

    Uploaded by

    Elien Zos
    Exercises 4-6 (10 minutes) and 4-8 (15 minutes) work in process--cooking. Work in process, ending: Materials x 75% complete. Labor and overhead x 8,000 units x 50% complete. Total cost (a). Equivalent units of production (b). Cost added during the period.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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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

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