Managerial Accounting
15th Edition
ISBN: 9780078025631
Author: Ray H Garrison, Eric Noreen, Peter C. Brewer Professor
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 4, Problem 4E
EXERCISE 4-4 Assigning Costs to Units—Weighted-Average Method LO4-4
Data concerning a recent period's activity in the Prep Department the first processing department in a company that uses
A total of 20,100 units were completed and transferred to the next processing department during the period.
Required:
- Compute the cost of ending work in process inventory for materials, conversion, and in total.
- Compute the cost of the units completed and transferred out for materials, conversion, and in total
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Č P112,500
D P177,400
2DThe cost of goods put to process for the month of June is:
A P717600
B P803,600
C P957,000
D P957,600
Exercise 4-4 (Algo) Assigning Costs to Units—Weighted-Average Method [LO 4-4]
Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses process costing, appear below:
Materials
Conversion
Equivalent units in ending work in process inventory
$2,130
$850
Cost per equivalent unit
$15.66
$4.83
A total of 21,300 units were completed and transferred to the next processing department during the period.
Required:
1. Compute the cost of ending work in process inventory for materials, conversion, and in total.
2. Compute the cost of the units completed and transferred out for materials, conversion, and in total.
(For all requirements, round your final answers to the nearest whole dollar amount.)
Materials
Conversion
Total
1. Cost of ending work in process inventory
2. Cost of units transferred out
Problem 2 The Antipolo company operates three departments. Product costs
are tracked by department and assigned process costing system. Overhead is
applied to production in each department at a rate of 80 percent of direct labor
cost.
The hereunder T-account information pertains to the department
operations submitted by the cost accountant.
Work in process - Stripping Dept. 1
20,000 Cost Transf.
Work in process - Adhesion Dept. 2
70,000 Cost Transf. 480,000
Beg.
Beg.
DM
90,000
Trans. In
?
DL
80,000
DM
22,600
FO
DL
Ending 17,000
?
Ending
20,600
FO
Work in Process - Packing Dept. 3
150,00 Transf. Fgoods ?
Finished Goods
185,000 Cost of sales 770,000
Вeg.
CoGmf 880,000
Beg.
DM
DL
Fo
90,000
Ending
Ending
40,000
2A The cost of goods transferred out from the Stripping is:
a. P173,000
b. P227,000
c. P237,000
d. P273,000
Page
2B The Direct Labor cost incurred in Adhesion Dept. 2 is
a. P76,000
b. P95,000
c. P96,000
d. P171,000
2C The direct material cost incurred in Packaging Dept.3 is
a.…
Chapter 4 Solutions
Managerial Accounting
Ch. 4.A - EXERCISE 4A-1 Computation of Equivalent Units of...Ch. 4.A - EXERCISE 4A-2 Cost per Equivalent Unit-FIFO Method...Ch. 4.A - EXERCISE 4A-3 Assigning Costs to Units-FIFO Method...Ch. 4.A - EXERCISE 4A-4 Cost Reconciliation Report-EIFO...Ch. 4.A - EXERCISE 4A-5 Computation of Equivalent Units of...Ch. 4.A - EXERCISE 4A-6 Equivalent Units of Production-FIFO...Ch. 4.A - EXERCISE 4A-7 Equivalent Units of Production and...Ch. 4.A -
EXERCISE 4A-8 Equivalent Units of Production—FIFO...Ch. 4.A - EXERCISE 4A-9 Equivalent Units; Equivalent Units...Ch. 4.A - PROBLEM 4A-10 Equivalent Units of Production;...
Ch. 4.A - Prob. 11PCh. 4.A - Prob. 12CCh. 4.B - Prob. 1ECh. 4.B - EXERCISE 4B-2 Step-Down Method LO4-11 Madison Park...Ch. 4.B - Prob. 3ECh. 4.B - EXERCISE 4B-4 Direct Method LO4-10 Refer to the...Ch. 4.B - Prob. 5PCh. 4.B - PROBLEM 4B-6 Step-Down Method versus Direct...Ch. 4.B - CASE 4B-7 Step-Down Method versus Direct Method...Ch. 4 - Prob. 1QCh. 4 - In what ways are job-order and process costing...Ch. 4 - Why is cost accumulation simpler in a process...Ch. 4 - How many Work in Process accounts are maintained...Ch. 4 - Prob. 5QCh. 4 - Prob. 6QCh. 4 - Prob. 7QCh. 4 - Prob. 8QCh. 4 - Prob. 1AECh. 4 - This exercise relates to the Double Diamond Skis’...Ch. 4 - This exercise relates to the Double Diamond Skis’...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Prob. 10F15Ch. 4 - Prob. 11F15Ch. 4 - Prob. 12F15Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 - Prob. 14F15Ch. 4 - Prob. 15F15Ch. 4 - Prob. 1ECh. 4 - EXERCISE 4-2 Computation of Equivalent...Ch. 4 - Prob. 3ECh. 4 - EXERCISE 4-4 Assigning Costs to...Ch. 4 - EXERCISE 4-5 Cost Reconciliation...Ch. 4 - Prob. 6ECh. 4 - Prob. 7ECh. 4 - Prob. 8ECh. 4 -
EXERCISE 4-9 Equivalent Units and Cost per...Ch. 4 - Prob. 10ECh. 4 - Prob. 11ECh. 4 - Prob. 12ECh. 4 - Prob. 13PCh. 4 - Prob. 14PCh. 4 - Prob. 15PCh. 4 - PROBLEM 4-16 Comprehensive...Ch. 4 - Prob. 17PCh. 4 - Prob. 18PCh. 4 - Prob. 19CCh. 4 - (
CASE 4-20 Ethics and the Manager, Understanding...
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