Brief Exercise 149
Apoly Manufacturing Company has the following production data for January.
Ending Work in Process Beginning Work in Process Units Started in Production Units % Complete as to Conversion Cost -0- 3,000 125 25%
Calculate the physical units for January using the weighted average method.
Solution Brief Exercise 149
Beginning work in process -0- Started into production 3,000 Total units to be accounted for 3,000
Transferred out 2,875
Ending work in process 125 Total units accounted for 3,000
Brief Exercise 150
Sandusky Widget Company has the following production data for March.
Ending Work in Process Month Work in ProcessBeginning Transferred OutUnits Units % Complete as toConversion Cost
March 500 7,200 300 30%
Calculate the physical units for March using the weighted average method.
Solution Brief Exercise 150
Beginning work in process 500 Started into production 7,000 Total units to be accounted for 7,500
Transferred out 7,200
Ending work in process 300 Total units accounted for 7,500
Brief Exercise 151
General Company had total material costs totalling $105,000 and total conversion costs of $37,000. Equivalent units of production are 12,000 for materials and 5,000 for conversion costs. Calculate the unit costs for materials, conversion costs, and total manufacturing costs using the weighted average method.
Unit costs Materials Conversion Costs Total
Costs $105,000 $37,000 $142,000
Equivalent units 12,000 5,000
Unit costs $ 8.75 $ 7.40 $ 16.15
Brief Exercise 152
Sequal Company has the following production data for June: units transferred out 73,000, and ending work in process 9,000 units that are 100% complete for materials and 20% complete for conversion costs. Unit materials cost are $7.50 and unit conversion cost is $16. Determine the costs to be assigned to the units transferred out and the units in ending work in process.
Solution Brief Exercise 152
Work in process, June 30
Materials (9,000 × $7.50) $67,500
Conversion costs (9,000 × 20% × $16) 28,800 Total cost of work in process $96,300
Units transferred out (73,000 x $23.50) $1,715,500
*Brief Exercise 153
Tomlinson Company has the following production data for May:
Beginning work in process, 0 units
Units started, 94,000
Ending work in process, 17,000 units that are 100% complete for materials and 50% complete for conversion costs
Unit materials cost, $6
Unit conversion cost, $12
Total costs to be assigned, $618,000
Tomlinson uses the FIFO method to calculate equivalent units. Determine the costs to be assigned to the units transferred out and the units in ending work in process.
Solution Brief Exercise 153
Work in process, May 31
Materials (17,000 × $6) $102,000
Conversion costs (17,000 × 50% × $12) 102,000 Total cost of work in process $204,000
Units transferred out (77,000 x $18) $1,386,000
Brief Exercise 154
Peter Puck Company has the following production data for June:
Beginning work in process, 0 units
Units transferred out, 87,000
Materials are added only at the beginning of the process. Calculate equivalent units of production for both materials and conversion costs using the weighted average method.
Solution Brief Exercise 154
Equivalent Units QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for
Work in process, June 1 0 Started into production 110,000
Total units 110,000
Units accounted for
Transferred out 87,000 87,000 87,000
Work in process, June 30 23,000 23,000 9,200 (23,000 × 40%)
Total units 110,000 110,000 96,200
Brief Exercise 155
Kels Company has the following production data for April:
Beginning work in process, 4,000 units
Units transferred out, 85,000
Units in ending work in process, 12,000, which are 90% complete for conversion costs
Materials are added only at the beginning of the process. Calculate equivalent units of production for both materials and conversion costs using the weighted average method.
Solution Brief Exercise 155
Equivalent Units
QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for
Work in process, April 1 4,000 Started into production 93,000
Total units 97,000
Units accounted for
Transferred out 85,000 85,000 85,000
Work in process, April 30 12,000 12,000 10,800 (12,000 × 90%)
Total units 97,000 97,000 95,800
*Brief Exercise 156
Tip Top Painting Company has the following production data for March:
Beginning work in process, 2,000 units, which are 30% complete for conversion costs
Units transferred out, 42,000
Units in ending work in process, 6,000, which are 80% complete for conversion costs
Materials are added only at the beginning of the process. Calculate equivalent units of production for both materials and conversion costs using the FIFO method.
Solution Brief Exercise 156
Equivalent Units
QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for
Work in process, March 1 2,000 Started into production 46,000
Total units 48,000
Units accounted for
Work in process, March 1 2,000 0 1,400 (2,000 x 70%)
Transferred out 40,000 40,000 40,000
Work in process, March 31 6,000 6,000 4,800 (6,000 × 80%)
Total units 48,000 46,000 46,200
Brief Exercise 157
White Supplies’ total material costs are $75,000 and total conversion costs are $37,000. Equivalent units of production for materials are 18,750, and 4,625 for conversion costs. Calculate the unit costs for materials, conversion costs, and total manufacturing costs for the month using the weighted average method.
Solution Brief Exercise 157
COSTS
Unit costs Materials Conversion Costs Total
Costs incurred $75,000 $37,000 $112,000
Equivalent units 18,750 4,625
Unit costs $ 4.00 $ 8.00 $ 12.00
Brief Exercise 158
Dirt Cleaners, Inc. has the following production data for January: Transferred out 50,000 units
Ending work in process 6,000 units
The units in ending work in process are 100% complete for materials and 60% complete for conversion costs. There is no beginning work in process. Materials cost is $10 per unit and conversion costs are $11 per unit. Determine the costs to be assigned to the units transferred out and the units in ending work in process.
Solution Brief Exercise 158
Cost Reconciliation Schedule Costs accounted for
Transferred out (50,000 × $21.00) $1,050,000 Work in process, June 30
Materials (6,000 × $10) $ 60,000
Conversion costs (3,600* × $11) 39,600 99,600
Total costs $1,149,600
Brief Exercise 159
Production costs chargeable to the Sanding Department in July for Joyful Art are $12,500 for materials, $26,000 for labour, and $10,000 for manufacturing overhead. Equivalent units of production are 25,000 for materials and 18,000 for conversion costs.
Calculate the unit costs for materials and conversion costs.
Solution Brief Exercise 159
COSTS
Unit costs Materials Conversion Costs Total
Costs in July $12,500 $36,000 $48,500
Equivalent units 25,000 18,000
Unit costs $ 0.50 $ 2.00 $ 2.50
Brief Exercise 160
The Kirkland Department of Delta Manufacturing began the month of December with beginning work in process of 4,000 units that are 100% complete as to materials and 30% complete as to conversion costs. Units transferred out are 10,000 units. Ending work in process contains 1,000 units that are 100% complete as to materials and 60% complete as to conversion costs.
Calculate the equivalent units of production for materials and conversion costs for the month of December using the weighted average method.
Solution Brief Exercise 160
Equivalent Units
QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for
Work in process, December 1 4,000 Started into production 7,000
Total units 11,000
Units accounted for
Transferred out 10,000 10,000 10,000
Work in process, December 31 1,000 1,000 600 (1,000 × 60%)
Total units 11,000 11,000 10,600
*Brief Exercise 161
The Kirkland Department of Delta Manufacturing began the month of December with beginning work in process of 4,000 units that are 100% complete as to materials and 20% complete as to conversion costs. Units transferred out are 10,000 units. Ending work in process contains 1,000 units that are 100% complete as to materials and 60% complete as to conversion costs.
Calculate the equivalent units of production for materials and conversion costs for the month of December using the FIFO method.
Solution Brief Exercise 161
QUANTITIES Physical Units Materials Conversion Costs Units to be accounted for
Work in process, December 1 4,000 Started into production 7,000
Total units 11,000
Units accounted for
Work in process, December 1 4,000 0 3,200 (4,000 x 80%)
Transferred out 6,000 6,000 6,000
Work in process, December 31 1,000 1,000 600 (1,000 × 60%)
Total units 11,000 7,000 9,800
Brief Exercise 162
Pinto Products makes suspension components for a large car manufacturer. In its assembly department for the month of September, the following information about its suspension systems is available:
Percent Complete
# of units Materials Conversion WIP, September 1 5,000 65% 30% Started into production 65,000
WIP, September 30 3,000 35% 25%
Calculate the equivalent units of production using the weighted-average method.
Solution Brief Exercise 162
67,000 (units transferred out) + 1,050 (ending inventory) = 68,050
Brief Exercise 163
Using the information about Pinto Products above, calculate the equivalent units of production using the FIFO method.
Solution Brief Exercise 163
Equivalent units to complete Opening Inventory + Units started and completed + Equivalent units in ending inventory: