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# Prepare schedules to accomplish each of the following process-costing steps for the month of April

Question
Rainbow Glass Company manufactures decorative glass products. The firm
employs a process-costing system for its manufacturing operations. All direct
materials are added at the beginning of the process, and conversion costs
are incurred uniformly throughout the process. The company’s production
schedule for October follows: Units
Work in process on October 1 (60% complete as to
conversion)
Units started during October
Total units to account for
Units from beginning work in process, which were
completed and transferred out during October
Units started and completed during October
Work in process on October 31 (45% complete as to
conversion)
Total units accounted for 6,000
9,500
15,500
6,000
6,400
3,100
15,500 Required: Calculate each of the following amounts using weighted-average
process costing. 1. Equivalent units of direct material during October. 2. Equivalent units of conversion activity during October. 2.
Idaho Lumber Company grows, harvests, and processes timber for use in
construction. The following data pertain to the firm’s sawmill during
November. Work in process, November 1
Direct material
Conversion
Costs incurred during November
Direct material
Conversion \$ 82,600
119,000
\$683,000
661,000 The equivalent units of activity for November were as follows: 8,700
equivalent units of direct material and 2,000 equivalent units of conversion
activity. Required: Calculate the cost per equivalent unit, for both direct material and
conversion, during November. Use weighted-average process costing 3.
Calculate the cost per equivalent unit, for both direct material and
conversion, during November. Use weighted-average process costing.
Conversion: 60% complete
Costs incurred during June:
Direct material
Conversion costs:
Direct labor
Total conversion costs \$482,500
\$ 86,750
260,250
\$347,000 Required:
Prepare schedules to accomplish each of the following process-costing
steps for the month of June. Use the weighted-average method of
process costing. 1.
2.
3.
4. Analysis of physical flow of units.
Calculation of equivalent units.
Computation of unit costs.
Analysis of total costs. 4.
Moravia Company processes and packages cream cheese. The following data
have been compiled for the month of April. Conversion activity occurs
uniformly throughout the production process. Work in process, April 1—10,000 units:
Direct material: 100% complete, cost of
Conversion: 25% complete, cost of
Balance in work in process, April 1
Units started during April
Units completed during April and transferred
out to finished-goods inventory
Work in process, April 30:
Direct material: 100% complete
Conversion: 35% complete
Costs incurred during April:
Direct material
Conversion costs:
Direct labor
Total conversion costs \$ 16,000
4,700
\$ 20,700
136,000
121,000 \$451,200
\$ 48,600
138,730
\$187,330 Prepare schedules to accomplish each of the following process-costing steps
for the month of April. Use the weighted-average method of process costing. Required: Analysis of physical flow of units. 5.
Moravia Company processes and packages cream cheese. The following data
have been compiled for the month of April. Conversion activity occurs
uniformly throughout the production process. Work in process, April 1—10,000 units:
Direct material: 100% complete, cost of
Conversion: 25% complete, cost of
Balance in work in process, April 1
Units started during April
Units completed during April and transferred
out to finished-goods inventory
Work in process, April 30:
Direct material: 100% complete
Conversion: 35% complete
Costs incurred during April:
Direct material
Conversion costs:
Direct labor
Total conversion costs \$ 16,000
4,700
\$ 20,700
136,000
121,000 \$451,200
\$ 48,600
138,730
\$187,330 Prepare schedules to accomplish each of the following process-costing steps
for the month of April. Use the weighted-average method of process costing. 6. Calculation of equivalent units. Moravia Company processes and packages cream cheese. The following data
have been compiled for the month of April. Conversion activity occurs
uniformly throughout the production process. Work in process, April 1—10,000 units:
Direct material: 100% complete, cost of
Conversion: 25% complete, cost of
Balance in work in process, April 1
Units started during April
Units completed during April and transferred
out to finished-goods inventory
Work in process, April 30:
Direct material: 100% complete
Conversion: 35% complete
Costs incurred during April:
Direct material
Conversion costs:
Direct labor
Total conversion costs \$ 16,000
4,700
\$ 20,700
136,000
121,000 \$451,200
\$ 48,600
138,730
\$187,330 Prepare schedules to accomplish each of the following process-costing steps
for the month of April. Use the weighted-average method of process costing. Computation of unit costs. (Round &quot;Cost per Equivalent Unit&quot; to 2
decimal places.) 7.
Moravia Company processes and packages cream cheese. The following data
have been compiled for the month of April. Conversion activity occurs
uniformly throughout the production process. Work in process, April 1—10,000 units:
Direct material: 100% complete, cost of
Conversion: 25% complete, cost of
Balance in work in process, April 1
Units started during April
Units completed during April and transferred
out to finished-goods inventory
Work in process, April 30:
Direct material: 100% complete
Conversion: 35% complete
Costs incurred during April:
Direct material
Conversion costs:
Direct labor