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Gre4nikov [31]
3 years ago
4

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

Business
1 answer:
gregori [183]3 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          <u>20,000</u>

To account for                       30,000

Unit Completed                      25,000             25,000              25,000

Ending WIP                              <u>5,000               5,000                 3,000</u>

Accounted For                         <u>30,000              30,000             28,000</u>

<u />

Cost                                          Total    Direct materials  Conversion

Beginning WIP                         8,600           6,000               2,600

Cost added during period      <u>47,000         30,000             17,000</u>

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

Equivalent units                                             <u>30,000            28,000</u>

Equivalent units cost A/B     <u>    1.9                   1.2                   0.7</u>

<u></u>

<u>Assignment of cost</u>

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

Ending wip:

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

Conversion                          <u>2,100</u>(3,000*1/2)

Cost accounted for            <u>55,600</u>

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