Problem 4-27 Missing Data; Production Report;
Weighted-Average
The following data pertain to the Vesuvius Tile
Company for July.
|
Work in process, July 1 (in units)
|
20000
|
|
Units started during July
|
?
|
|
Total units to account for
|
65000
|
|
Units completed and transferred out during July
|
?
|
|
Work in process, July 31 (in units)
|
15000
|
|
Total equivalent units: direct material
|
65000
|
|
Total equivalent units: conversion
|
?
|
|
Work in process, July 1: direct material
|
164400
|
|
Work in process, July 1: conversion
|
?
|
|
Costs incurred during July: direct material
|
?
|
|
Costs incurred during July: conversion
|
659400
|
|
Work in process, July 1: total cost
|
244200
|
|
Total costs incurred during July
|
1031250
|
|
Total costs to account for
|
1275450
|
|
Cost per equivalent unit: direct material
|
8.25
|
|
Cost per equivalent unit: conversion
|
?
|
|
Total cost per equivalent unit
|
21.45
|
|
Cost of goods completed and transfered out during
July
|
?
|
|
Cost remaining in ending work-in-process
inventory: direct material
|
?
|
|
Cost remaining in ending work-in-process
inventory: conversion
|
79200
|
|
Total cost of July 31 work in process
|
202950
|
Additional Information:
a. Direct material is added at the beginning of the
production process, and conversion activity occurs
uniformly throughout the process.
b. The company uses weighted-average process
costing.
c. The July 1 work in process was 30 percent
complete as to conversion.
d. The July 31 work in process was 40 percent
complete as to conversion.
TUTORIAL PREVIEW
The missing amounts are shown below. A
completed production report follows.
|
Units started during July
|
45,000
|
|
Units completed and transferred out
during July
|
50,000
|
|
Total equivalent units: conversion
|
56,000
|
File name: P4-27 Vesuvius Tile Company.xlsx File type: . xlsx PRICE:$10
