Question : 129. The cost of energy consumed in producing good units in : 1233782

 

129. The cost of energy consumed in producing good units in the Bottling Department of Desert Springs Water Company was $6,600 and $6,820 for June and July, respectively. The number of equivalent units produced in June and July was 55,000 and 62,000 liters respectively. Evaluate the cost of energy between the two months. 

130. The inventory at June 1 and costs charged to Work in Process – Department 60 during June are as follows: 

3,800 units, 80% completed

$  60,400

Direct materials, 32,000 units

368,000

Direct labor

244,000

Factory overhead

  188,000

  Total cost to be accounted for

$860,400

 

 

During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units which were 40% completed. Inventories are costed by the first-in, first-out method and all materials are added at the beginning of the process.Determine the following, presenting your computations: 

(a)

equivalent units of production for conversion cost

(b)

conversion cost per equivalent unit

(c)

total and unit cost of finished goods started in prior period and completed in the current period

(d)

total and unit cost of finished goods started and completed in the current period

(e)

total cost of work in process inventory at June 30

 

 

 

131. The inventory at May 1 and the costs charged to Work in Process–Department B during May for Star Company are as follows: 

12,000 units, 2/5 completed

$  62,400

From Department A, 55,000 units

115,500

Direct labor

364,915

Factory overhead

148,000

 

 

During May, all direct materials are transferred from Department A, the units in process at May 1 were completed, and of the 55,000 units entering the department, all were completed except 6,000 units which were 3/4 completed. Inventories are costed by the first-in, first-out method.Prepare a cost of production report for May. 

132. Jones Co. manufactures a product called Zens in a three-process series. All materials are introduced at the beginning of the first process. Jones uses the first-in, first-out method of inventory costing. Unit and cost data for the first process (Department A) for the month of October 2007 follow: 

Conversion

Units

Completion

Cost

Work in process inventory:

 

 

 

  October 1

12,000

60%

$140,400

  October 31

  5,000

40%

?

Started in October

14,000

 

 

  Direct materials cost

 

 

  106,400

  Conversion cost

 

 

    70,310

Completed in October

21,000

 

?

 

 

 

 

Prepare Jones’ Department A cost of production report for October. 

133. The inventory at April 1, 2007, and the costs charged to Work in Process–Department B during April for Tanzer Company are as follows: 

1,200 units, 40% completed

$  47,800

From Department A, 26,000 units

845,000

Direct labor

312,000

Factory overhead

176,770

 

 

During April, all direct materials are transferred from Department A, the units in process at April 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units which were 70% completed as to conversion costs.  Inventories are costed by the first-in, first-out method.Prepare a cost of production report for April.