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Work-in-process inventory, June 1 5,000 alternators Direct materials: 100% complete $ 11,480 Conversion: 40% complete $ 16,258 Units started during June 19,000 trusses Units completed during June...

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Accounting

Work-in-process inventory, June 15,000alternators
Direct materials: 100% complete$11,480
Conversion: 40% complete$16,258
Units started during June19,000trusses
Units completed during June and transferred out18,000trusses
Work-in-process inventory, June 30
Direct materials: 100% complete
Conversion: 20% complete
Costs incurred during June
Direct materials$60,040
Conversion$93,092

Required

Using the weighted-average method, calculate the following:

1-a. Costs per equivalent unit. (Roundyour answers to 4 decimal places.)

1-b. Cost of goods completed and transferred out. (Round"Cost per EU" to 4 decimal places. Round final answer to nearestwhole dollars.)

1-c. Costs remaining in the Work-in-Process Inventory account.(Round "Cost per EU" to 4 decimal places. Do not roundother intermediate calculations. Round final answer to nearestwhole dollars.)

2. Assume that you are the company’s controller. The productiondepartment’s June equivalent unit cost is higher than expected. Ifthe manager of the first department asks you to do him a favor byincreasing the ending inventory completion percentage from 20 to40% to lower the unit costs, how much would unit cost be affectedby this request? (Round your answer to 4 decimalplaces.)

Answer & Explanation Solved by verified expert
4.2 Ratings (547 Votes)
Requirement 1a Material Conversion Cost per Equivalent units 298 56953 Working EUP Weighted Average Method Units Material EUP Materials Conversion EUP Conversion Units TRANSFERRED 18000 100 18000 100 18000 Units of ENDING WIP 6000 100 6000 20 1200 Equivalent Units of Production 24000 19200 COST    See Answer
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