The following data pertain to the Vesuvius Tile Company for July.
Problem 4-27 Missing Data; Production Report;
Weighted-Average
The following data pertain to the Vesuvius Tile
Company for July.
Work in process, July 1 (in units)
20000
Units started during July
?
Total units to account for
65000
Units completed and transferred out during July
?
Work in process, July 31 (in units)
15000
Total equivalent units: direct material
65000
Total equivalent units: conversion
?
Work in process, July 1: direct material
164400
Work in process, July 1: conversion
?
Costs incurred during July: direct material
?
Costs incurred during July: conversion
659400
Work in process, July 1: total cost
244200
Total costs incurred during July
1031250
Total costs to account for
1275450
Cost per equivalent unit: direct material
8.25
Cost per equivalent unit: conversion
?
Total cost per equivalent unit
21.45
Cost of goods completed and transfered out during
July
?
Cost remaining in ending work-in-process
inventory: direct material
?
Cost remaining in ending work-in-process
inventory: conversion
79200
Total cost of July 31 work in process
202950
Additional Information:
a. Direct material is added at the beginning of the
production process, and conversion activity occurs
uniformly throughout the process.
b. The company uses weighted-average process
costing.
c. The July 1 work in process was 30 percent
complete as to conversion.
d. The July 31 work in process was 40 percent
complete as to conversion.
