AP3-1 AN EASIER FORMAT TO READ IS ATTACHED!! Comprehensive Problem, One Department [LO 3, 4] Regal Polish manufactures a single product in one department and uses a process costing system. At the start of May, there were 10,100 units in process that were 100 percent complete with respect to direct material and 60 percent complete with respect to conversion costs (labor and overhead). During the month, the company began production of 107,800 units. Ending Work in Process Inventory consisted of 5,900 units that were 100 percent complete with respect to material and 70 percent complete with respect to conversion costs. Cost Information Beginning Work in Process Costs Added in May Direct material $4,360 $82,886 Direct labor 220 17,200 Manufacturing overhead 330 17,090 Total $4,910 $117,176 Calculate the cost per equivalent unit for each of the three cost items and in total. (Round answers to 2 decimal places, e.g. 5.25.) Cost per EU Material $ Labor Overhead Total $ Calculate the cost of items completed in May and the cost of ending Work in Process. (Round computations and final answers to 0 decimal places, e.g. 5,250.) Cost of items completed in May $ Cost of items in ending work in process $ Reconcile the sum of the two costs in part b to the sum of beginning Work in Process and costs added in May. $ Total $ Total $,Thank you.
Paper#4565 | Written in 18-Jul-2015Price : $25