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    P3-2B 094243

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    zayyoda1799
    This document outlines the physical flow, cost per equivalent unit, and cost reconciliation for a production process. It shows that 50,000 units were started with costs of $752,500, of which 47,500 units were completed with costs of $722,000, leaving 2,500 units in ending work in process. The cost per equivalent unit was $10.20 for direct materials and $5 for conversion, totaling $15.20. The cost reconciliation schedule accounts for the $752,500 total costs.

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    P3-2B 094243

    Uploaded by

    zayyoda1799
    9 views1 page
    This document outlines the physical flow, cost per equivalent unit, and cost reconciliation for a production process. It shows that 50,000 units were started with costs of $752,500, of which 47,500 units were completed with costs of $722,000, leaving 2,500 units in ending work in process. The cost per equivalent unit was $10.20 for direct materials and $5 for conversion, totaling $15.20. The cost reconciliation schedule accounts for the $752,500 total costs.

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    P3-2B_094243

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    This document outlines the physical flow, cost per equivalent unit, and cost reconciliation for a production process. It shows that 50,000 units were started with costs of $752,500, of which 47,500 units were completed with costs of $722,000, leaving 2,500 units in ending work in process. The cost per equivalent unit was $10.20 for direct materials and $5 for conversion, totaling $15.20. The cost reconciliation schedule accounts for the $752,500 total costs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    9 views1 page

    P3-2B 094243

    Uploaded by

    zayyoda1799
    This document outlines the physical flow, cost per equivalent unit, and cost reconciliation for a production process. It shows that 50,000 units were started with costs of $752,500, of which 47,500 units were completed with costs of $722,000, leaving 2,500 units in ending work in process. The cost per equivalent unit was $10.20 for direct materials and $5 for conversion, totaling $15.20. The cost reconciliation schedule accounts for the $752,500 total costs.

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    © All Rights Reserved
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    of 1

    1 - physical flow of unit&equ.

    Uints units Direct material Conversion


    * units to be accounted for
    beginning WIP 0
    units transferred in 50,000
    total 50,000
    * units accounted for
    units completed 47,500 47,500 47,500
    End.WIP 2,500 2,500 1000
    total 50,000 50,000 48,500

    2- cost per equivalent unit


    cost at the beginning $0.00
    cost incurred $752,500.00 $510,000.00 $242,500.00
    total $752,500.00 $510,000.00 $242,500.00
    cost per equivalent unit $10.20 $5.00 total $15.20

    3- cost reconciliation schedule


    * Costs to be accounted for
    beginning WIP $0.00
    units transferred in $752,500.00
    total $752,500.00
    * Costs accounted for
    units completed $722,000.00 $484,500.00 $237,500.00
    End.WIP $30,500.00 $25,500.00 $5,000.00
    total $752,500.00

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