The following data (and annotations) are for Joyner Company’s processing department work-in-process account for the month of June 2019: Beginning inventory (700 units, 40% complete)     Direct materials   $17,430 Conversion costs   47,652 Current period     Direct materials (5,000 units)   210,000 Direct labor   357,600 Manufacturing overhead applied   226,800 Joyner uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of 900 units, 70% complete. Compute the following: a. Equivalent units for materials and conversion. b. Cost per equivalent unit for materials and conversion. c. Total cost assigned to the units transferred out.   Equivalent Units   Where do the units come from?     Where do the units go?   % Work Done? Direct Materials   % Work Done? Conversion Costs   Beginning Inventory Answer   Complete/Transferred Answer   Answer Answer   Answer Answer   Started Answer   Ending Inventory Answer   Answer Answer   Answer Answer   Total Answer   Total Answer     Answer a.   Answer a. Product Cost Report Where do the costs come from?     Direct Materials   Conversion Costs   Beginning Inventory Answer   Answer   Answer   Current Answer   Answer   Answer   Total Costs to Account For Answer   Answer   Answer   ÷ Total Equivalent Units     Answer   Answer   Average cost / Equivalent unit     Answer b. Answer b. Where do the costs go?   Complete / Transferred:             Direct Materials   Answer         Conversion costs   Answer         Costs of Goods Manufactured   Answer c.       Ending Inventory:   Direct Materials   Answer         Conversion costs   Answer         Cost of Ending Inventory   Answer         Total Costs Allocated   Answer

The following data (and annotations) are for Joyner Company’s processing department work-in-process account for the month of June 2019:

Beginning inventory (700 units, 40% complete)    
Direct materials   $17,430
Conversion costs   47,652
Current period    
Direct materials (5,000 units)   210,000
Direct labor   357,600
Manufacturing overhead applied   226,800

Joyner uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of 900 units, 70% complete. Compute the following:

a. Equivalent units for materials and conversion.

b. Cost per equivalent unit for materials and conversion.

c. Total cost assigned to the units transferred out.

  Equivalent Units

 

Where do the units come from?

 

 

Where do the units go?

  % Work
Done?
Direct
Materials
  % Work
Done?
Conversion
Costs
 
Beginning Inventory Answer   Complete/Transferred Answer   Answer Answer   Answer Answer  
Started

Answer

  Ending Inventory

Answer

  Answer

Answer

  Answer

Answer

 
Total Answer   Total Answer     Answer a.   Answer a.
Product Cost Report
Where do the costs come from?     Direct
Materials
  Conversion
Costs
 
Beginning Inventory Answer   Answer   Answer  
Current

Answer

 

Answer

 

Answer

 
Total Costs to Account For Answer   Answer   Answer  
÷ Total Equivalent Units     Answer   Answer  
Average cost / Equivalent unit     Answer b. Answer b.
Where do the costs go?  
Complete / Transferred:            
Direct Materials   Answer        
Conversion costs  

Answer

       
Costs of Goods Manufactured   Answer c.      
Ending Inventory:  
Direct Materials   Answer        
Conversion costs  

Answer

       
Cost of Ending Inventory  

Answer

       
Total Costs Allocated  

Answer

       
Tired of numerous paper assignments?
Rely on us and receive professional paper writing assistance!
Professional paper Writing Assistance

Who We Are

We are a professional website for customized writing. If you searched a question and stumbled into our website, you are in the right place to receive assistance with your coursework.

Do you handle any type of coursework?

Yes. We have displayed prior orders to demonstrate our experience. We can answer this question for you as we have previously. Please fill out our Order Form so that we may ensure its flawlessness. Correctly completing the order form will help our staff with reference, requirements, and future communication.

Is it hard to Place an Order?

  1. Click on the “Order Now” tab at the top menu or “GET A FREE QUOTE” icon at the bottom and a new page will appear with an order form to be filled
  2. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process. Submit detailed paper instructions, upload necessary files if needed and provide your contact information – you are almost done!
  3. Proceed with the payment- click on “PROCEED TO CHECKOUT” at the bottom of the page. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it. All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.
  4. Delivery- Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it.