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Managment Accounting - Process costing(Weighted-average)
NO WIP inventory. During the yr, 270 units were transferred in fr prior dept. & 250 units were completed and sold. Cost transferred in fr prior depart $49,221. No material add in the final process dept. $16,320 of conversion cost incurr the final process depart during the yr.what %completion would result in... 顯示更多 NO WIP inventory. During the yr, 270 units were transferred in fr prior dept. & 250 units were completed and sold. Cost transferred in fr prior depart $49,221. No material add in the final process dept. $16,320 of conversion cost incurr the final process depart during the yr. what %completion would result in increase reported net operating income by $62.5 over the net operating income that would be reported if the 25% figure were used?
最佳解答:
Cost transferred in = 49,221 Avergae Unit cost transferred in = 49,221/270 =$182.3 Ending WIP inventory = 270 -250 = 20 units Assuming 25% complete, Ending inventory = 20units x 25% = 5 equivalent units Total units for conversion cost = 250 + 5 = 255units Average conversion cost per unit= $16,320/ 255 =$64 Total unit cost for goods completed and sold = $182.3 +64 =$246.3 Cost of Goods Sold = $246.3 x 250 = $61,575 Alternative method: Ending inventory = $182.3 x 20 + $64x20x 25% = $3,966 COGS = Opening Inventory + Total cost incurred - Ending inventory = 0 + $49,221+$16,320 - $3,966 =$61,575 To increase operating income by $62.5, i.e. Ending inventory should increase by $62.5 i.e. Ending inventory = 3966 +62.5 = $4028.5 Let the targeted % completion be Z Ending inventory = 20units x Z = 20Z equivalent units Total units for conversion cost = 250 + 20Z units Average conversion cost per unit= $16,320/ (250+20Z) Ending inventory = $182.3 x 20 + $16,320/ (250+20Z) x 20Z = $4,028.5 --->?$16,320/ (250+20Z) x 20Z = 4028.5 – 3,646 --->$16320x20Z = 382.5x(250+20Z) --->?326,400Z = 95,625 +7,650Z --->?318,750Z = 95,625 --->?Z = 95625/318750 --->?Z= 0.3 or 30%
其他解答:E2A5F59BAA12C031
Managment Accounting - Process costing(Weighted-average)
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發問:NO WIP inventory. During the yr, 270 units were transferred in fr prior dept. & 250 units were completed and sold. Cost transferred in fr prior depart $49,221. No material add in the final process dept. $16,320 of conversion cost incurr the final process depart during the yr.what %completion would result in... 顯示更多 NO WIP inventory. During the yr, 270 units were transferred in fr prior dept. & 250 units were completed and sold. Cost transferred in fr prior depart $49,221. No material add in the final process dept. $16,320 of conversion cost incurr the final process depart during the yr. what %completion would result in increase reported net operating income by $62.5 over the net operating income that would be reported if the 25% figure were used?
最佳解答:
Cost transferred in = 49,221 Avergae Unit cost transferred in = 49,221/270 =$182.3 Ending WIP inventory = 270 -250 = 20 units Assuming 25% complete, Ending inventory = 20units x 25% = 5 equivalent units Total units for conversion cost = 250 + 5 = 255units Average conversion cost per unit= $16,320/ 255 =$64 Total unit cost for goods completed and sold = $182.3 +64 =$246.3 Cost of Goods Sold = $246.3 x 250 = $61,575 Alternative method: Ending inventory = $182.3 x 20 + $64x20x 25% = $3,966 COGS = Opening Inventory + Total cost incurred - Ending inventory = 0 + $49,221+$16,320 - $3,966 =$61,575 To increase operating income by $62.5, i.e. Ending inventory should increase by $62.5 i.e. Ending inventory = 3966 +62.5 = $4028.5 Let the targeted % completion be Z Ending inventory = 20units x Z = 20Z equivalent units Total units for conversion cost = 250 + 20Z units Average conversion cost per unit= $16,320/ (250+20Z) Ending inventory = $182.3 x 20 + $16,320/ (250+20Z) x 20Z = $4,028.5 --->?$16,320/ (250+20Z) x 20Z = 4028.5 – 3,646 --->$16320x20Z = 382.5x(250+20Z) --->?326,400Z = 95,625 +7,650Z --->?318,750Z = 95,625 --->?Z = 95625/318750 --->?Z= 0.3 or 30%
其他解答:E2A5F59BAA12C031
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