1. Assume process costing is used. Fill two tables given below. SHOW CALCULATIONS IN THE Beginning work in process was 20% complete in March and 65% complete in April. Ending work in process was 50% complete in March and 30% complete in April March April $1,100,310 Direct materials costs $965,460 Direct labor costs Manufacturing overhead applied Total manufacturing costs Units in beginning work in process Units transferred to finished goods Units in ending work in process 2,300,260 3,001,940 3,520,640 3,601,030 $6,786,360 $7,703,280 3,800 6,000 17,500 22,000 4,500 6,100

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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1. Assume process costing is used. Fill two tables given below. SHOW CALCULATIONS IN THE
Beginning work in process was
20% complete in March and 65%
complete in April. Ending work in
process was 50% complete in
March and 30% complete in April
March
April
$1,100,310
3,001,940
Direct materials costs
$965,460
Direct labor costs
Manufacturing overhead applied
Total manufacturing costs
Units in beginning work in process
Units transferred to finished goods
Units in ending work in process
2,300,260
3,520,640
$6,786,360
6,000
17,500
4,500
3,601,030
$7,703,280
3,800
22,000
6,100
Express everything
in UNITS
March
April
Beginning work in
process
Started and
completed
Ending work in
process
Total equivalent
units
Express everything in $
Total manufacturing cost
March
April
per equivalent unit
Direct materials cost per
equivalent unit
Transcribed Image Text:1. Assume process costing is used. Fill two tables given below. SHOW CALCULATIONS IN THE Beginning work in process was 20% complete in March and 65% complete in April. Ending work in process was 50% complete in March and 30% complete in April March April $1,100,310 3,001,940 Direct materials costs $965,460 Direct labor costs Manufacturing overhead applied Total manufacturing costs Units in beginning work in process Units transferred to finished goods Units in ending work in process 2,300,260 3,520,640 $6,786,360 6,000 17,500 4,500 3,601,030 $7,703,280 3,800 22,000 6,100 Express everything in UNITS March April Beginning work in process Started and completed Ending work in process Total equivalent units Express everything in $ Total manufacturing cost March April per equivalent unit Direct materials cost per equivalent unit
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