Please help I am not sure how to do this problem at all I am new to the chegg st
ID: 2502767 • Letter: P
Question
Please help I am not sure how to do this problem at all I am new to the chegg study.
Wilmington Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals.
The balance in the account Work in ProcessFilling was as follows on December 1, 2014:
The following costs were charged to Work in ProcessFilling during December:
During December, 24,300 units of specialty chemicals were completed. Work in ProcessFilling Department on December 31 was 2,100 units, 10% completed.
1. Prepare a cost of production report for the Filling Department for December. If an amount is zero, enter "0". If required, round your cost per equivalent unit answers to two decimal places.
I am stuck figuring out started and completed, transferred to finished goods in december, inventory in process dec 31 for both direct materials and conversion.
Please show me step by step how you solved each part. Thank you.
Explanation / Answer
PARTICULARS
INPUT
OUTPUT
MATERIALS
%
COVERSION COST [DL +OH]
%
OPENING WIP
1900
UNITS STARTED
24500
LESS:-CLOSING WIP
(2100)
UNITS COMPLETD
24300
OPENING WIP COMPLETED
1900
1900*0%
=0
0%
1900*60%
= 1140
60%
UNITS STARTED & COMPLETED
(24300-1900)
= 22400
22400*100%
= 22400
100%
22400*100%
=22400
100%
CLOSING WIP
2100
2100*100%
= 2100
100%
2100*10%
=210
10%
TOTAL EQUIVALENT UNITS
24500
23750
COST
281750
(96900+93100)
= 190000
COST PER EQUIVALENT UNIT
281750/24500
= 11.5 P.U.
190000/23750
= 8 P.U.
PARTICULARS
INPUT
OUTPUT
MATERIALS
%
COVERSION COST [DL +OH]
%
OPENING WIP
1900
UNITS STARTED
24500
LESS:-CLOSING WIP
(2100)
UNITS COMPLETD
24300
OPENING WIP COMPLETED
1900
1900*0%
=0
0%
1900*60%
= 1140
60%
UNITS STARTED & COMPLETED
(24300-1900)
= 22400
22400*100%
= 22400
100%
22400*100%
=22400
100%
CLOSING WIP
2100
2100*100%
= 2100
100%
2100*10%
=210
10%
TOTAL EQUIVALENT UNITS
24500
23750
COST
281750
(96900+93100)
= 190000
COST PER EQUIVALENT UNIT
281750/24500
= 11.5 P.U.
190000/23750
= 8 P.U.