acc203 tma question 2
Question 2A)
Weighted-Average Method of Process Costing, Assembly Department of nanotech pte ltd , for June 20X9 flow of cost in June
Physical Units Units to be accounted for Work in process, June 1 10,000 Started (transferred) into production 160,000 Total units 170,000
Units accounted for
Completed and transferred out 152,000 Work in process, June 30 18,000 Total units 170,000
The equivalent unit computation is as follows:
Equivalent Units
materials conversion
Units transferred out 152,000 152,000
Work in process, June 30
18,000X 100% 18,000
18,000X 30% 5,400
Total equivalent units 170,000 157,400
flow of cost in June
Direct Materials Conversion Costs total cost Costs in beginning work in process invento $102,000 $114,000 $216,000 (direct labour $69,000 and Overhead $45,000)
Current Production Costs $2,040,000 $142,650 $346.650 (Direct labour $880,650 and Overhead $540,000 )
Total Costs $2,142,000 $256,650 $562,650
÷ Equivalent Units 170,000 157,400
Cost per Equivalent Unit $ 12.6 $ 1.630559
Weighted-Average Method of Process Costing, Assembly Department of nanotech pte ltd , for June 20X9 flow of cost in June
Physical Units Units to be accounted for Work in process, June 1 10,000 Started (transferred) into production 160,000 Total units 170,000
Units accounted for
Completed and transferred out 152,000 Work in process, June 30 18,000 Total units 170,000
The equivalent unit computation is as follows:
Equivalent Units
materials conversion
Units transferred out 152,000 152,000
Work in process, June 30
18,000X 100% 18,000
18,000X 30% 5,400
Total equivalent units 170,000 157,400
flow of cost in June
Direct Materials Conversion Costs total cost Costs in beginning work in process invento $102,000 $114,000 $216,000 (direct labour $69,000 and Overhead $45,000)
Current Production Costs $2,040,000 $142,650 $346.650 (Direct labour $880,650 and Overhead $540,000 )
Total Costs $2,142,000 $256,650 $562,650
÷ Equivalent Units 170,000 157,400
Cost per Equivalent Unit $ 12.6 $ 1.630559