FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Following is a partial production cost report for Mitchell Mar
Equivalent units of production (EUP) Direct Materials
Units
Completed and transferred out
Ending Work in Process
Cost per EUP
Cost of beginning work in process $40,500
Costs added this period
136,000
Total costs
$ 176,500
% EUP from part (a)
Cost per EUP
O $135,500.
O $136,000.
O $176,500.
50,000
15,000
O $176,150.
O $196,000.
Conversion
65,000
$2.71
Percent Complete EUP Percent Complete EUP
100%
50,000 100%
50,000
100%
15,000 80%
12,000
65,000
62,000
Direct Materials Conversion
The total direct materials costs transferred out of the Canning department equals:
per EUP
$ 59,700
183,100
$ 242,800
62,000
$3.92
per EUP
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Transcribed Image Text:Following is a partial production cost report for Mitchell Mar Equivalent units of production (EUP) Direct Materials Units Completed and transferred out Ending Work in Process Cost per EUP Cost of beginning work in process $40,500 Costs added this period 136,000 Total costs $ 176,500 % EUP from part (a) Cost per EUP O $135,500. O $136,000. O $176,500. 50,000 15,000 O $176,150. O $196,000. Conversion 65,000 $2.71 Percent Complete EUP Percent Complete EUP 100% 50,000 100% 50,000 100% 15,000 80% 12,000 65,000 62,000 Direct Materials Conversion The total direct materials costs transferred out of the Canning department equals: per EUP $ 59,700 183,100 $ 242,800 62,000 $3.92 per EUP
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