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Prepare a schedule showing physical units of production

Production Data

 

June

  Beginning work in process units   -0-    
  Units started into production   20,000
  Ending work in process units   2,000
  Percent complete-ending inventory   60%
       
  Cost Data    
  Materials   $198,000
  Labor   50,400
  Overhead  

112,800

  Total  

$361,200

Prepare a schedule showing physical units of production

Physical Units

 
Units to be accounted for  
     Work in process, June1  
     Started into production  
        Total units  
   
Units accounted for  
     Transferred out  
     Work in process, June30  
        Total units  
Determine the equivalent units of production for materials and conversion costs.
Materials  
Conversion costs  

Compute the unit costs of production.

Unit cost-Materials $
Unit cost-Conversion costs $
Total unit costs $
 

Determine the costs to be assigned to the units transferred and in process for June.

Costs accounted for    
     Transferred out   $
     Work in process, June 30    
         Materials $  
         Conversion costs    
             Total costs  

$

May 02 2018 Read more Less More

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