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Solutions Manual, Chapter 4 21
Exercise 4-10 (10 minutes)
Weighted-Average Method
Materials
Labor &
Overhead
Pounds transferred to the Packin
g
Department
during July* …………………………………………..… 375,000 375,000
Equivalent units in endin
g
work in process
inventory:
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22 Managerial Accounting, 16th Edition
Exercise 4-11 (30 minutes)
Weighted-Average Method
1. Equivalent units of production
Pulpin
g
Conversio
n
T
ransferred to next department ………………….. 157,000 157,000
Equivalent units in endin
g
work in process
inventory:
Pulpin
g
: 8,000 units x 100% complete ……….. 8,000
Conversion: 8,000 units x 25% complete…….. 2,000
Equivalent units of production ……………………. 165,000 159,000
2. Cost per equivalent unit
Pulpin
g
Conversio
n
Cost of be
g
innin
g
work in process……………. $ 4,800 $ 500
Cost added durin
g
the period …………………. 102,450 31,300
3. and 4.
Cost of ending work in process inventory and units transferred out
Pulpin
g
Conversio
n
T
ota
l
Endin
g
work in process inventory:
Equivalent units ………………….. 8,000 2,000
Cost per equivalent unit ……….. $0.65 $0.20
T
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Solutions Manual, Chapter 4 23
Exercise 4-11 (continued)
5. Cost reconciliation
Costs to be accounted for:
Cost of be
g
innin
g
work in process inventory
($4,800 + $500) …………………………………. $ 5,300
Costs added to production durin
g
the period
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24 Managerial Accounting, 16th Edition
Exercise 4-12 (20 minutes)
Weighted-Average Method
1. Computation of equivalent units in ending inventory:
Materials Labor Overhead
2. and 3.
Cost of ending work in process inventory and units transferred out:
Material
s
Labo
r
Overhead
T
ota
l
Endin
g
work in process inventory:
Equivalent units ………… 2,400 1,800 1,800
Cost per equivalent unit. $12.50 $3.20 $6.40
Cost of endin
g
work in
4. Cost reconciliation:
T
otal cost to be accounted for……………………… $599,780
Costs accounted for as follows:
g
T
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Solutions Manual, Chapter 4 25
Problem 4-13 (60 minutes)
Weighted-Average Method
1. Computation of equivalent units of production:
Mixin
g
Material
s
Conversio
n
Units transferred to the next department …….. 50.0 50.0 50.0
Equivalent units in endin
g
work in process
inventory:
2. Costs per equivalent unit:
Mixin
g
Material
s
Conversio
n
Cost of be
g
innin
g
work in process inventory…. $ 1,670 $ 90 $ 605
Cost added durin
g
the period ……………………. 81,460 6,006 42,490
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26 Managerial Accounting, 16th Edition
Problem 4-13 (continued)
3. and 4.
Costs of ending work in process inventory and units transferred out:
Mixin
g
Material
s
Conversio
n
T
ota
l
Endin
g
work in process inventory:
Equivalent units …………………………………. 1.0 0.8 0.7
Cost per equivalent unit ………………………. $1,630 $120 $850
5. Cost reconciliation:
Cost to be accounted for:
Cost of be
g
innin
g
work in process inventory
($1,670 + $90 + $605) ……………………….. $ 2,365
Cost added to production durin
g
the period
($81,460 + $6,006 + $42,490) ……………… 129,956
© The McGraw-Hill Companies, Inc., 2018. All rights reserved.
Solutions Manual, Chapter 4 27
Problem 4-14 (45 minutes)
Weighted-Average Method
1. Equivalent units of production
Material
s
Conversio
n
T
ransferred to next department*…………………. 170,000 170,000
Equivalent units in endin
g
work in process:
2. Cost per equivalent unit
Material
s
Conversio
n
Cost of be
g
innin
g
work in process……………. $ 14,600 $ 7,200
Cost added durin
g
the period …………………. 133,400 225,500
T
3. and 4.
Cost of endin
g
work in process inventory and units transferred out
Material
s
Conversio
n
T
ota
l
Endin
g
work in process inventory:
Equivalent units ………………….. 15,000 9,000
Cost per equivalent unit ………..
g
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28 Managerial Accounting, 16th Edition
Problem 4-15 (45 minutes)
Weighted-Average Method
1. Equivalent units of production:
Material
s
Conversio
n
T
ransferred to next department ………………….. 160,000 160,000
2. Cost per equivalent unit
Material
s
Conversio
n
Cost of be
g
innin
g
work in process……………. $ 25,200 $ 24,800
Cost added durin
g
the period …………………. 334,800 238,700
T
3 and 4.
A
ssi
g
nin
g
costs to units:
Material
s
Conversio
n
T
ota
l
Endin
g
work in process inventory:
Equivalent units ………………. 40,000 10,000
Units completed and transferred out:
Units transferred to the next
department ………………….. 160,000 160,000
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Solutions Manual, Chapter 4 29
Problem 4-15 (continued)
5.
Cost reconciliation:
Costs to be accounted for:
Cost of be
g
innin
g
work in process inventory
($25,200 + $24,800) …………………………… $ 50,000
Costs added to production durin
g
the period
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30 Managerial Accounting, 16th Edition
Problem 4-16 (45 minutes)
Weighted-Average Method
1. Equivalent units of production
Material
s
Conversio
n
T
ransferred to next department*…………………. 95,000 95,000
Equivalent units in endin
g
work in process:
2. Cost per equivalent unit
Material
s
Conversio
n
Cost of be
g
innin
g
work in process……………. $ 1,500 $ 7,200
Cost added durin
g
the period …………………. 154,500 90,800
T
3. and 4.
Cost of endin
g
work in process inventory and units transferred out
Material
s
Conversio
n
T
ota
l
Endin
g
work in process inventory:
Equivalent units ………………….. 9,000 3,000
g
Units completed and transferred out:
Units transferred to the next
department ……………………… 95,000 95,000