Problem 4-27 Student Name:
Class:
1. Physical flow of units:
Physical
Units
Work in process, 1/1/x4 *
Units started during 20×4 *
Total units to account for *
Units completed and transferred out during 20x4 *
Work in process, 12/31/x4 *
Total units accounted for *
2. Equivalent units:
Percentage of
Completion Equivalent Units
Physical with Respect Direct
Units to Conversion Material Conversion
Work in process, 1/1/x4 * *
Units started during 20×4 *
Total units to account for *
Units completed and transferred out during 20x4 * * * *
Work in process, 12/31/x4 * * * *
Total units accounted for *
Total equivalent units * *
3. Costs per equivalent unit:
Direct
Material Conversion Total
Work in process, 1/1/x4 * * *
Units started during 20×4 * * *
Total costs to account for * * *
Equivalent units * *
Costs per equivalent unit * * *
4. Cost of ending inventories:
Cost of goods completed and transferred out:
Units transferred out *
Total cost per equivalent unit *
*
Cost remaining in 12/31/x4 work-in-process inventory:
Direct material:
# of equivalent units of direct material *
Cost per equivalent unit of direct material *
*
Conversion:
# of equivalent units of conversion *
Cost per equivalent unit of conversion *
*
Cost of 12/31/x4 work-in-process *
Check: Cost of goods completed and transferred out *
Cost of 12/31/x4 work-in-process inventory *
Total costs accounted for *
Ending finished-goods inventory:
Units completed during 20x4 *
Units remaining in finished-goods inventory, 12/31/x4 *
Cost of goods completed and transferred out *
Cost of 12/31/x4 finished-goods inventory *
Problem 4-27 Student Name:
Class:
1. Physical flow of units:
Physical
Units
Work in process, 1/1/x4 210,000
2. Equivalent units:
Percentage of
Completion Equivalent Units
Physical with Respect Direct
Units to Conversion Material
Conversion
Total units to account for 1,310,000
Total units accounted for 1,310,000
Work in process, 1/1/x4 210,000 83%
3. Costs per equivalent unit:
Direct
Material Conversion Total
Total costs to account for 1,703,000$ 4,020,800$ 5,723,800$
Work in process, 1/1/x4 300,000$ 620,800$ 920,800$
4. Cost of ending inventories:
Cost of 12/31/x4 work-in-process 923,800$
Cost of goods completed and transferred out:
Units transferred out 1,000,000
Total cost per equivalent unit $4.80
Check: Cost of goods completed and transferred out $4,800,000
Ending finished-goods inventory:
Instructor
McGraw-Hiill/Irwin
Total units to account for 1,310,000
Total units accounted for 1,310,000
Units completed during 20×4 1,000,000