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Flauer [41]
3 years ago
5

During December, the production department of a process operations system completed and transferred to finished goods a total of

59,000 units of product. At the end of December, 15,000 additional units were in process in the production department and were 50% complete with respect to materials. The beginning inventory included materials cost of $60,100 and the production department incurred direct materials cost of $190,800 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.
Business
1 answer:
slega [8]3 years ago
4 0

Answer:

Direct material cost per equivalent unit = $3.77

Explanation:

<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.</em>

Cost per equivalent unit = cost / total equivalent units

To determine the direct material cost per equivalent unit, we follow the steps below

Step 1

<em>Determine the total equivalent units</em>

<em>Item                   Workings                       Equivalent  unit (E.U)</em>

Finished good     100% × 59,000   =       59,000

Closing WIP        50% ×  15,000     =         7,500

Total equivalent unit                             66,500

Step 2

<em>Determine the cost per equivalent unit</em>

Total direct material cost = $ (60,100 + 190,800)

                                    =  $ 250,900

Direct material cost per equivalent unit

  = 250,900/66, 500 E.U

= $3.77

Direct material cost per equivalent unit = $3.77

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Answer:

<u>d. Material Purchases =  $ 169,000</u>

Explanation:

Cost Of Goods Statement.

Beginning Direct Materials =         $117,000

Add Material Purchases =            $ 169,000

Less Ending Direct Materials =     <u>$130,000 </u>

Direct Materials Used =                 $156,000 ( given)

Direct Labor=                                    $ 697,000

Factory Overhead =                         $199,000

Total Manufacturing Costs =           $896,000

Beginning WIP Inventory =              $85,000

Ending WIP Inventory =                 $104,000

Cost of Goods Manufactured=      $ 1033,000

Beginning Finished Goods Inventory = $130,000

Ending Finished Goods Inventory = $124,000

Cost Of Goods Statement               = $ 1039,000

4 0
3 years ago
Direct Method Question (2026, Current Period): 2026 2025 A/R 49,000 23,000 Prepaid Insurance 15,000 3,000 Salaries Payable 13,00
hammer [34]

Answer:

$49,000

Explanation:

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<em />

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Particulars                                                           Amount

Opening salaries payable                                  $5,000

Add: Salaries expense for the current year      $57,000

Less: Closing salaries payable                           <u>$13,000</u>

Cash paid for salaries during current year     <u>$49,000</u>

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One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card u
Sergeeva-Olga [200]

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Explanation:

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3 years ago
Items that are essential to operating a business are considered
hodyreva [135]
D. assets are considered essential in operating a business
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2 years ago
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The owner of Sherwyn's Hardware will receive a discount of 15 percent if she orders 12 or more Mandarin bird feeders from Darren
zvonat [6]

Answer:

Quantity

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Cheers.

8 0
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