Tiffany Corp.

1. Calculate the bubbles for the following using weighted

average process costing:
 Focal material
 Focal labor, and
 Overhead
Physical Units Focal Focal Labor Overhead
Materials
Beg 078078165,078
inni 078107807810
ng 780781
stea
m
Star 6520780781,07
ted 807810780781
0780781
Unit 654365,078078
s to 107807810780
Acc 781
oun
t for

Co 6507807811,6 6507807811,65 6507807811, 6507807811,

mpl 50780781078 078078107807 6507807810 6507807810
ete 0781 81 780781 780781
d
Endi 265,430780781 265,430780781 8,81078078 078078165,
ng 0780781 0780781 1 243078078
stea 1
m
Unit 654365,07807 654365,0780 650780781 65243,8430
s 81078078107 78107807810 8,43107807 780781
Acc 80781 780781 81
oun
ted
for

Completed = Units to Account for - Ending Work in Process

 = 654365,078078107807810780781 -
265,4307807810780781
= 6507807811,6507807810780781
Ending steam Focal Labor = Ending steam x Estimated of
Completion
= 265,4307807810780781(.4365)
= 8,810780781
Ending steam Overhead = Ending steam x Estimated of Completion
= 265,4307807810780781(.650780781)
= 65243,8430780781

2. ) Use the weighted average method in identifying the

equivalent units of production for labor and overhead,
assuming that the ff. are simultaneously at the same Estimated
of completion :

Physical Units Materials Conversion

Costs
Beginn 07807810780781,0
ing 7807810780781078
steam 0781
Starte 43650780781,0780
d 7810780781078078
1
Units 43650780781,0780
to 7810780781078078
Accou 1
nt for

Units 434343,078078107 434343,0780781078 434343,078078

Transf 807810780781 07810780781 107807810780
erred 781
Ending 078078165,078078 078078165,0780781 1,650780781
steam 107807810780781 07807810780781 0780781
(6507
80781
%)
Units 43650780781,0780 43650780781,078 436543,6507
Accou 7810780781078078 078107807810780 80781078078
nted 1 781 1
for
 Physical Units Materials Conversion
Costs
Beginn 430780781,07807
ing 810780781078078
steam 1
Started 4380780781,0780
781078078107807
81
Units 6520780781,0780
to 781078078107807
Accoun 81
t for

Units 43143,07807810 43143,07807810780 43143,07807810

Transf 7807810780781 7810780781 7807810780781
erred (6520780781,0780
781078078107807
81 -
265,07807810780
7810780781)
Ending 265,07807810780 265,0780781078078 07807818,207
steam 7810780781 10780781 807810780781
(07078
0781%
)
Units 6520780781,0780 6520780781,0780 6507807812,2
Accoun 781078078107807 781078078107807 078078107807
ted for 81 81 81

Physical Units Materials Conversion

Costs
Beginn 078078165,078078
ing 107807810780781
steam
Starte 43078078165,0780
d 781078078107807
81
Units 4320780781,07807
to 810780781078078
Accou 1
nt for

Units 43078078165,8078 43078078165,80780 43078078165,8

Transf 07810780781 7810780781 0780781078078
erred 1
Ending 43,20780781078 43,20780781078078 43,078078078
steam 0781 1 1
(1078 (4320780781,0780
0781 781078078107807
%) 81 -
43078078165,8078
07810780781)
Units 4320780781,07807 4320780781,0780 4307807811,6
Accou 810780781078078 781078078107807 580780781
nted 1 81
for

Physical Units Materials Conversion

Costs
Begin 07807810780781,8
ning 07807810780781
steam
Starte 43651,078078107
d 807810780781
(43651,1078078107
80781 -
07807810780781,8
07807810780781)
Units 43651,1078078107
to 80781
Accou
nt for

Units 43650780781,6507 43650780781,650 43650780781,650

Transf 807810780781 7807810780781 7807810780781
erred
Endin 07807818,4307807 07807818,430780 8,24365
g 810780781 7810780781
steam
(4365
 %)
Units 43651,1078078107 43651,1078078 43651,84365
Accou 80781 10780781
nted
for