FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:WA EUP: second department
Angerstein Inc. produces calendars in a two-process, two-department operation. In the Printing Department, calendars are printed and cut. In the Assembly Department, the material received from Printing is assembled into individual calendars and bound. Each department
maintains its own work in Process Inventory, and costs are assigned using weighted average process costing. In Assembly, conversion costs are incurred evenly throughout the process, direct material is added at the end of the process. For September, the following production and
cost information is available for the Assembly Department:
.
• Beginning WIP Inventory: 5,000 calendars (30 percent complete as to conversion); transferred in cost, $7.550: conversion cost, $1.093
• Transferred in during September: 80,000 calendars
• Current period costs: transferred in. $80.000; direct material, $10,270: conversion. $13,991
• Ending WIP Inventory: 6,000 calendars (80 percent complete as to conversion)
For the Assembly Department, compute the following:
a. Equivalent units of production for each cost component
EU for transferred in
EU for direct materials
80,000 x
79,000✔
0x
EU for conversion
b. Cost per EUP for each cost component
Note: Round your answers to two decimal places.
1.01 X
Transferred in cost per EUP $
Material cost per EUP
S
0.13 ✔
Conversion cost per EUP
S
0.17 X
c. Cost transferred to Finished Goods Inventory
Note: Round your final answer to the nearest whole dollar.
Note: Use the rounded rates from part (b) in your calculations.
$ 106,088
x
d. Cost of ending WIP Inventory
Note: Round your final answer to the nearest whole dollar.
Note: Use the rounded rates from part (b) in your calculations.
$ 6,816
x
11:57 PM
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