See the attachments.
3-33. The following information relates to the Richard Renick Company for 2005:
Units Percent Complete
Units completed in 2005 390,000
Work-in-process at December 31 72,000 20%
Cost of the beginning work-in-process $14,280
Current year's production cost $248,580
a. Calculate the number of equivalent units of production.
b. Calculate the cost per equivalent unit of production.
c. Calculate the cost of the ending work-in-process inventory.
d. Calculate the cost of the completed units.
3-13, pg M-85
Willig-Davis Cleaning Equipment began two jobs during March 2004. There was no beginning Inventory. The following information is available:
Job 10 Job 15
Direct material $14,350 $23,530
Direct labor $7,231 $15,125
Machine hours 124 236
The company estimated manufacturing overhead for 2004 is $307,200, and the company estimates that 4,800 machine hours will be used during the year. Willig-Davis applies overhead to production based on machine hours.
a. Calculate the cost of Job 10.
b. Calculate the cost of Job 15.
The solution calculates the overhead and determines the cost of products.