Montreal Manufacturing Inc. has the following cost and production data for the month of April.

Montreal Manufacturing Inc. has the following cost and production data for the month of April.

Question # 00312757 Posted By: echo7 Updated on: 06/11/2016 12:05 AM Due on: 07/11/2016
Subject Accounting Topic Accounting Tutorials:
Question
Dot Image
Montreal Manufacturing Inc. has the following cost and production data for the month of April.

Beginning WIP
18,000
units
Started in production
103,100
Completed production
91,500
Ending WIP
29,600

The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of process.

Costs pertaining to the month of April are as follows:

Beginning inventory costs are:
Materials$65,800
Direct labour20,400
Factory overhead14,000
Costs incurred during April include:
Materials$561,895
Direct labour194,600
Factory overhead374,521
Calculate the equivalent units of production for materials and conversion costs for the month of April using the first-in, first-out (FIFO) method.

MaterialsConversion costs
Total equivalent units

Calculate the unit costs for the month. (Round unit cost to 3 decimal places, e.g. 15.256.)

Unit costs
Materials
$
Conversion Costs
$
The unit costs for the month
$

Determine the costs to be assigned to the units transferred out and in ending work in process. (Round answers to 0 decimal places, e.g. 5,275.)

TotalMaterialConversion
Beginning Inventory$$$
Complete beginning WIP
Started and completed
Cost for units transferred out$$$
Ending work in process
Total costs$$

$

Dot Image
Report this Question as Inappropriate
Tutorials for this Question
  1. echo7
    Tutorial # 00308197 Posted By: echo7 Posted on: 06/11/2016 12:05 AM
    Puchased By: 4
    Tutorial Preview
    Direct labour194,600 Factory overhead374,521Calculate ...
      Get the Solution
    Attachments
    Process_Costing_solution8.xlsx (12.24 KB)
    Recent Feedback
    Rated By Feedback Comments Rated On
    Do...gli Rating Tutorial editing is done with care 10/24/2016
  Get the Solution

Great! We have found the solution of this question!

Related Questions and Answers

Whatsapp Lisa