Solution-Compute the equivalent units of input resources

Compute the equivalent units of input resources

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Reference no: EM131824553

Problem - Comas Corporation manufactures metal roofing in two departments: Pressing and Painting. Sheets of metal material are formed in the Pressing Department before being transferred to the Painting Department. The following information was taken from the company's general ledger and cost accounting records on June 30:

Work in Process: Pressing Department
6/1	Beginning balance	$6,000	6/30	Transferred to Painting	?
6/30	Direct materials	25,500
6/30	Direct labor	8,200
6/30	Manufacturing overhead	32,800
6/30	Ending balance	?

Physical Units: Pressing Department
Units in process, June 1	300 sheets
Units transferred to Painting Department in June	1,500 sheets
Units in process, June 30	500 sheets
Percentages of Completion: Pressing Department
Direct materials, June 1	100%
Conversion, June 1	20
Direct materials, June 30	100%
Conversion, June 30	40

a. Compute the number of sheets started by the Pressing Department in June.

b. Compute the number of units started and completed by the Pressing Department in June.

c. Compute the equivalent units of input resources for the Pressing Department in June.

d. Compute the cost per equivalent unit of input resource for the Pressing Department in June.

e. Prepare the summary journal entry required to transfer pressed sheets from the Pressing Department to the Painting Department in June.

f. Compute the total cost assigned to the Pressing Department's ending inventory on June 30.

Reference no: EM131824553

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Compute the equivalent units of input resources

Reference no: EM131824553

Reference no: EM131824553

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