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2 years ago

Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows:

Business

1 answer:

gregori [183]2 years ago

7 0

Answer:

Production cost worksheet

Flow of production Physical unit Direct materials Conversion

Beginning work in process 10,000

Starting during period 20,000

To account for 30,000

Unit Completed 25,000 25,000 25,000

Ending WIP 5,000 5,000 3,000

Accounted For 30,000 30,000 28,000

Cost Total Direct materials Conversion

Beginning WIP 8,600 6,000 2,600

Cost added during period 47,000 30,000 17,000

Total cost to account for A 55,600 36,000 19,600

Equivalent units 30,000 28,000

Equivalent units cost A/B 1.9 1.2 0.7

Assignment of cost

Cost of transferred out 47,500 (25,000 *1/9)

Ending wip:

Direct materials 6,000 (5,000*1/2)

Conversion 2,100(3,000*1/2)

Cost accounted for 55,600

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3 years ago

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