UNITS: beginning WIP inventory (20% complete as to CC) 5,000 units started 20,000 units completed and transferred out 15,000 ending WIP inventory...

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Accounting

UNITS:
beginning WIP inventory (20% complete as to CC) 5,000
units started 20,000
units completed and transferred out 15,000
ending WIP inventory (Mat 100%, CC 50% complete) 10,000
Costs:
beginning inventory
materials $ 4,000
CC $ 1,000
Current period:
materials $ 16,000
CC $ 4,000
All materials are added at the beginning of the process
Please show the calculations! doing it in excel!
1. What is your products equivalent units (EUP) for Mat &CC using weighted average? --> Materials EUP = ? CC EUP = ?
2. What is your products equivalent units (EUP) for Mat &CC using FIFO? --> Materials EUP = ? CC EUP = ?
3. What is your products cost per equivalent unit (EUP) for Mat& CC using weighted average? --> Materials cost per EUP = ? CC cost per EUP = ?
4. What is your products cost per equivalent unit (EUP) for Mat& CC using FIFO? --> Materials cost per EUP = ? CC cost per EUP = ?
5. What is your products cost of ending WIP inventory usingweighted average? --> End MAT cost in WIP = ? End CC cost in WIP = ?
6. What is your products cost of ending WIP inventory usingFIFO? --> End MAT cost in WIP = ? End CC cost in WIP = ?
Check figures:
weighted average FIFO
your products total cost (Mat & CC) per equivalent unitis: $ 1.05 $ 1.01

Answer & Explanation Solved by verified expert

3.9 Ratings (758 Votes)

Answer 1 Calculation of equivalent units using weighted average Physical Units Complete with respect to Materials Materials EUP Complete with respect to Conversion CC EUP Units completed and transferred out 15000 100 15000 100 15000 Units in ending Inventory 10000 100 10000 50 5000 See Answer

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UNITS:
beginning WIP inventory (20% complete as to CC)	5,000
units started	20,000
units completed and transferred out	15,000
ending WIP inventory (Mat 100%, CC 50% complete)	10,000

Costs:
beginning inventory
materials	$ 4,000
CC	$ 1,000
Current period:
materials	$ 16,000
CC	$ 4,000

All materials are added at the beginning of the process

1. What is your products equivalent units (EUP) for Mat &CC using weighted average? -->	Materials EUP = ?	CC EUP = ?
2. What is your products equivalent units (EUP) for Mat &CC using FIFO? -->	Materials EUP = ?	CC EUP = ?
3. What is your products cost per equivalent unit (EUP) for Mat& CC using weighted average? -->	Materials cost per EUP = ?	CC cost per EUP = ?
4. What is your products cost per equivalent unit (EUP) for Mat& CC using FIFO? -->	Materials cost per EUP = ?	CC cost per EUP = ?
5. What is your products cost of ending WIP inventory usingweighted average? -->	End MAT cost in WIP = ?	End CC cost in WIP = ?
6. What is your products cost of ending WIP inventory usingFIFO? -->	End MAT cost in WIP = ?	End CC cost in WIP = ?

Check figures:
	weighted average	FIFO
your products total cost (Mat & CC) per equivalent unitis:	$ 1.05	$ 1.01