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Solution for Cost Accounting: Foundations and Evolutions 8th Edition Chapter 6, Problem 18

by Michael R. Kinney, Cecily A. Raiborn
358 Solutions 19 Chapters 53472 Studied ISBN: 9781439044612 Accounting 5 (1)

Chapter 6, Problem Exercise 18 : Exercise 6-38   ...

Exercise 6-38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insert your answers in the gray-shaded cells. If an answer is incorrect,

 

 

an asterisk will appear.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a.

Fabrication:

 

 

 

 

 

 

 

 

 

Beginning WIP inventory

         5,000

 

Beginning WIP inventory

         5,000

 

 

Started

       40,000

 

Started & completed

 

 

 

 

Units accounted for

 

 

Ending WIP inventory

 

         6,800

 

 

 

 

 

Units accounted for

 

              -  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Units

 

Material

 

Conversion

 

 

Beginning WIP inventory

 

 

       5,000

 

    5,000

 

         5,000

 

 

Started & completed

 

 

     33,200

 

  33,200

 

       33,200

 

 

Ending WIP inventory

 

 

       6,800

 

    6,800

 

         4,080

 

 

EUP (WA)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assembly:

 

 

 

 

 

 

 

 

 

Beginning WIP inventory

         2,000

 

Beginning WIP inventory

         2,000

 

 

Started

       38,200

 

Started & completed

 

 

 

 

Units accounted for

 

 

Ending WIP inventory

 

         6,100

 

 

 

 

 

Units accounted for

 

              -  

 

 

 

 

 

 

 

 

 

 

 

 

 

Units

 

Trans-in

 

Material

 

Conversion

 

 

Beginning WIP inventory

         2,000

 

       2,000

 

    2,000

 

         2,000

 

 

Started & completed

       32,100

 

     32,100

 

  32,100

 

       32,100

 

 

Ending WIP inventory

         6,100

 

       6,100

 

          -  

 

            915

 

 

EUP (WA)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b.

Fabrication:

Units

 

Trans-in

 

Material

 

Conversion

 

 

Beginning WIP inventory

         5,000

 

       5,000

 

          -  

 

         3,750

 

 

Started & completed

       33,200

 

     33,200

 

  33,200

 

       33,200

 

 

Ending WIP inventory

         6,800

 

       6,800

 

    6,800

 

         4,080

 

 

EUP (FIFO)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assembly:

Units

 

Trans-in

 

Material

 

Conversion

 

 

Beginning WIP inventory

         2,000

 

       2,000

 

    2,000

 

         1,300

 

 

Started & completed

       32,100

 

     32,100

 

  32,100

 

       32,100

 

 

Ending WIP inventory

         6,100

 

       6,100

 

          -  

 

            915

 

 

EUP (FIFO)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step-By-Step Solution

Chapter 6, Problem Exercise 18

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