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Unit3 ProcessCosting Problems

This document contains information about units reconciliation for three different production processes: Problem 3-2, Problem 3-10 Mixing, and Shaping. It provides beginning work in process, units started and completed during the month, ending work in process, total units, cost per equivalent unit, cost of completed and ending units, and total cost to be accounted for each process. The total costs to be accounted for are $1,246,080 for Problem 3-2, $966,000 for Problem 3-10 Mixing, and $121,727 for Shaping.

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sindhuja21
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143 views6 pages

Unit3 ProcessCosting Problems

This document contains information about units reconciliation for three different production processes: Problem 3-2, Problem 3-10 Mixing, and Shaping. It provides beginning work in process, units started and completed during the month, ending work in process, total units, cost per equivalent unit, cost of completed and ending units, and total cost to be accounted for each process. The total costs to be accounted for are $1,246,080 for Problem 3-2, $966,000 for Problem 3-10 Mixing, and $121,727 for Shaping.

Uploaded by

sindhuja21
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Problem 3-2 Units Reconciliation Beginning WIP Started during Mar Ending WIP Total Completed Units Total

Units to account for 500 2700 600 2600 3200

Cost Per Eq. Unit Cost Beginning WIP Started during Mar Total

Material Labor Overhead 45000 11000 80000 269080 77800 497200 314080 88800 577200

Units Units Completed Equivalent Units Ending WIP Total Units Cost Per Unit

Material 2600 420 3020 104

Labor

OverHead 2600 2600 360 2960 30 360 2960 195

Cost Reconciliation Cost of Completed Units (2600*329) Cost of Ending WIP Material Cost (420 Eq Units *104) Labor Cost (360 Eq Units * 30) OverHead Cost (360 Eq Units * 195) 855400 43680 10800 70200 124680 980080

Total Cost to be accounted for

Problem 3-10 MIXING Units Reconciliation Beginning WIP Started during Mar Ending WIP Total Completed Units Total Units to account for

2000 40000 1000 41000 42000

Cost Per Eq. Unit Cost Beginning WIP Started during Mar Total

Material 2000 40840 42840

Labor 800 28832 29632

Overhead 960 23168 24128

Units Units Completed Equivalent Units Ending WIP Total Units Cost Per Unit

Material Labor OverHead 41000 41000 41000 1000 42000 1.02 600 41600 0.71 600 41600 0.58

Cost Reconciliation Cost of Completed Units (41000*2.31) Cost of Ending WIP Material Cost (1000 Eq Units *1.02) Labor Cost (600 Eq Units * 0.71) OverHead Cost (600 Eq Units * 0.58) 94805 1020 427 348 1795 96600

Total Cost to be accounted for

SHAPING Units Reconciliation Beginning WIP Started during Mar Ending WIP Total Completed Units Total Units to account for

3000 41000 500 43500 44000

Cost Per Eq. Unit Cost Beginning WIP Started during Mar Total

Labor 450 11800 12250

Overhead

Tranferred in 290 6360 8022.5 94805 8312.5 101165

Units Units Completed

Labor

Overhead Tranferred in 43500 43500 43500

Equivalent Units Ending WIP Total Units Cost Per Unit

250 43750 0.28

250 43750 0.19

500 44000 2.30

Cost Reconciliation Cost of Completed Units (43500*2.77) Cost of Ending WIP Labor Cost (250 Eq Units *0.28) Overhead Cost (250 Eq Units * 0.19) Transferred in Cost (500 Eq Units * 2.30) 120460.02 70 48 1149.60 1267.10 Total Cost to be accounted for 121727

Total 136000 844080 980080

Total

329.00

Total 3760 92840 96600

Total

2.31

Total 7100 114627 121727

Total

2.77

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