Assigment 4(job Order Costing)

MOHD AFIQ BIN MOHD NAWI 890606-03-5927 Assignment 4

Question 4-2 Equivalent units or production =unit transferred to the next department +equivalent in Or to finish good (WIP)inventory =$190000+$15000=$205000 =$205000/$175000 =$1.17

Question 4-3 MATERIAL OVERHEAD WIP $18000 $27500 Cost added during period $238900 $401500 Total cost $256900 $429000 Equivalent unit of product $35000 $33000 Cost per equivalent unit $7.34 $13.00

LABOR $5500 $80300 $85800 $33000 $2.60

Question 4-4 MATERIAL CONVENSION TOTAL Unit completed and transferred unit Unit transferred to the next depart

$1300

$1300

Cost per unit equivalent unit Cost of unit transferred out $53144 Ending WIP inventory Equivalent of production Cost per equivalent unit Cost of ending (WIP) $10400

$31.56 $41028

$9.32 $12116

$300 $31.56 $9468

$100 $9.32 $932

Question 4-5 Equivalent unit of production=Unit transferred out + Equivalent unit ending (WIP) – Equivalent beginning (WIP) inventory =$42500+$500+$400 =$42600

Question 4-6

Cost added during may Equivalent unit of product Total

Material

Labor

Overhead

$193320

$62000

$310000

$27000

$25000

$25000

$7.16

$2.48

$12.40

=$7.16+$2.48+$12.40 =$22.04

Question 4-7

Ending WIP inventory

Material

Conversion

Total

Equivalent unit of product

$800

$200

Cost per equivalent unit

$4.40

$1.30

Cost of ending inventory

$12320

$2860

$15.180

$2700

$380

$3080

$7000

$7000

Unit transferred out: Cost in beginning WIP inventory Cost to completed the unit in beginning WIP inventory Equivalent units of production required to complete the unit in beginning inventory

Cost per equivalent unit

$4.40

$1.30

39900 $45650