connect ch-20
shahimermaid
problem_20-6aa.pdf
1. Prepare the company’s process cost summary for May using the FIFO method. (Round "Cost per EUP" to 2 decimal places.)
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Total costs to account for:
Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for:
Total units to account for Total units accounted for:
Total units accounted for Equivalent units of production (EUP)- FIFO method
Units % Materials EUP- Materials % Labor EUP- Labor % Overhead EUP- Overhead
Total units Cost per equivalent unit of production Materials Labor Overhead
Total costs Costs Costs Costs ÷ Equivalent units of production EUP EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Beginning Inventory Cost: Cost to complete beginning inventory EUP Cost per EUP Total cost
Direct materials Direct labor Factory overhead
Total cost to complete beginning inventory Total cost of units in beginning inventory
Cost of units started and completed EUP Cost per EUP Total cost Direct materials Direct labor Factory overhead
Total cost of units started and completed Total cost of units transferred out
Costs of ending goods in process EUP Cost per EUP Total cost Direct materials Direct labor Factory overhead
Total cost of ending goods in process Total costs accounted for
Expanded table Problem 20-6A Part 1
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References
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