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    Tropical Sun Blended Department Unit Reconciliation: Cost of Equivalent Unit Calculation

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    Anonymous dPyHoL
    Units started into production were 104,500. Units accounted for were 92,500 which were transferred out. Remaining units in ending work in process inventory were 12,000 with material at 65% complete and conversion at 55% complete. A reconciliation of costs showed total costs to be accounted for of $265,179 which was equal to the costs of units transferred out of $252,525 plus ending work in process inventory costs of $8,814 for materials and $3,840 for conversion.

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    Tropical Sun Blended Department Unit Reconciliation: Cost of Equivalent Unit Calculation

    Uploaded by

    Anonymous dPyHoL
    27 views2 pages
    Units started into production were 104,500. Units accounted for were 92,500 which were transferred out. Remaining units in ending work in process inventory were 12,000 with material at 65% complete and conversion at 55% complete. A reconciliation of costs showed total costs to be accounted for of $265,179 which was equal to the costs of units transferred out of $252,525 plus ending work in process inventory costs of $8,814 for materials and $3,840 for conversion.

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    Tropical Sun

    Original Title

    Tropical Sun Blended Department

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    Units started into production were 104,500. Units accounted for were 92,500 which were transferred out. Remaining units in ending work in process inventory were 12,000 with material at 65% complete and conversion at 55% complete. A reconciliation of costs showed total costs to be accounted for of $265,179 which was equal to the costs of units transferred out of $252,525 plus ending work in process inventory costs of $8,814 for materials and $3,840 for conversion.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views2 pages

    Tropical Sun Blended Department Unit Reconciliation: Cost of Equivalent Unit Calculation

    Uploaded by

    Anonymous dPyHoL
    Units started into production were 104,500. Units accounted for were 92,500 which were transferred out. Remaining units in ending work in process inventory were 12,000 with material at 65% complete and conversion at 55% complete. A reconciliation of costs showed total costs to be accounted for of $265,179 which was equal to the costs of units transferred out of $252,525 plus ending work in process inventory costs of $8,814 for materials and $3,840 for conversion.

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    © All Rights Reserved
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    of 2

    Tropical Sun Blended Department

    Unit Reconciliation
    Units in Beginning WIP Material 80%, Conv. Cost
    55%
    7,500.00
    97,000.0
    units started into production
    0
    104,500.0
    0

    Units accounted for


    92,500.0
    0
    12,000.0
    0

    Units transferred out


    units in ending WIP material 65%, conv 55%

    104,500.0
    0

    Units accounted for

    Cost of Equivalent
    Unit Calculation
    Materi
    al

    Costs
    Beginning WIP
    costs added during may
    Total
    Units transferred out
    Equivalent units ending
    WIP
    Total

    7000
    10633
    9
    11333
    9
    92500

    Convers
    ion

    Total
    1500
    8000
    0
    2501
    143840
    79
    2651
    151840
    79
    92500

    7800

    2400

    1003
    00

    94900

    1.13

    1.6

    Cost per equivalent unit

    2.73

    Reconciliation of costs
    Total costs to be accounted for
    Cost of units
    transfered out

    92,500*2.73

    265179
    252525

    Ending WIP - material


    Ending WIP - Conversion costs
    Total Cost accounted for

    8814
    3840
    265179

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