# Cost Accounting

Sep 15th, 2013
HelloWorld
Category:
Other
Price: \$10 USD

Question description

Need all work shown so i understand how to do this.

Problem 1:

Kali Manufacturing Inc. began the year with the following.

 Units Beginning work-in-process 20,000 20% complete Transferred to finished goods 60,000 Ending inventory 10,000 70% complete

Materials added at the beginning of the process

Required
Calculate the equivalent units for

1. material costs under the weighted average process cost method;
2. conversion costs under the weighted average process cost method;
3. material costs under the FIFO process cost method; and
4. conversion costs under the FIFO process cost method.

### Problem 2:

Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows.

 Production Data units In process, beginning of month (20% converted) 2000 Started during current month 8000 Completed and transferred to finished goods 5500 In process, end of month (60% converted) 4500 Manufacturing Costs Work in process, beginning -Materials \$15,000 -Conversion \$6,450 Production Costs Added -Materials \$54,000 -Direct labor cost \$105,000 -Factory overhead cost \$36,150

Required
Prepare a cost of production report for current month. Use Weighted-Ave process costing.

(Top Tutor) Daniel C.
(997)
School: Boston College

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