Question # 3 (28 points) Zachery Infor Production Data Co manufactures a product

Question

Question # 3 (28 points) Zachery Infor Production Data Co manufactures a product that goes through three processing stages prior to completion. nation on the first department is given below: s in process, May 1 : materials 10000 complete, conversion gone complete. s in process. May 3 1 : materials 100% complete, conversion 60% complete. ..20,000 Pounds started in production during the month Pound Cost Data 100,000 10,000 Work in process inventory. May I Materials Costs added during the month: Materials80,500. Conve $1,500. Conversion cost S7.200 S100,600 THE COMPANY USES THE WEIGHTED AVERAGE METHOD REQUIRED: 1-Complete the equivalent units of production 2-Compute the costs per equivalent unit for the month. g betermine the cost of ending work in process inventory and of the pounds transferred out to the next department. Question # 4 (20 points) Ryan Inc. manufactures a product that passes through two departments. Data for a rece nt month follow Materials s5,320 Conversion $3,830 Units 5,000 55.000 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Costs added during the month 52,000 8,000 $62,800 53,750 The beginning work in process inventory was 90% complete with respect to materials and 40% complete with respect to conversion costs. The ending workin process inventory was 60% complete with respect to materials and 40% complete with respect to conversion. THE COMPANY USES THE FIFO METHOD REQUIRED: 1-Compute the equivalent units for the month. 2-Determine the costs per equivalent units for the month.

Explanation / Answer

Given information -

Computation of Equivalent units -

Computatation of equivalent cost per unit -

Computation of cost assign to WIP and next process inventory -

Question No. 4 -

Computation of Equivalent units under FIFO method -

Computation of Equivalent cost per unit under FIFO method -

In case of any clarification required please comment.

Particulars physical units Material Conversion WIP, Beginning 5000 100% 80% started into production 55000 Completed & transferred out 52000 WIP, Ending 8000 100% 60%

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