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## Accounting

 Accounting Basics Cost Accounting Financial Accounting Managerial Accounting Auditing Taxation

Q1) Bell Computers, Ltd., located in Liverpool, England, assembles standardized personal computer from parts it buys from different suppliers. Production process comprises of many steps, starting with assembly of \"mother\" circuit board, that contains central processing unit. This assembly takes place in CPU Assembly Department. The company recently hired new accountant who prepared following report for department for May using weighted-average method:

 Quantity Schedule Units to be accounted for: Work in process, May 1 (materials 90% complete; conversion 80% compete) 5,000 Started into production 29,000 Total units 34,000 Units to be accounted for as follows: Trasferred to next department 30 Work in process, May 31 (materials 75% complete; conversion 50% compete) 4,000 Total units 34,000
 Cost Reconciliation Cost to be accounted for: Work in process, May 1 £ 13,400 Cost added in the department 87,800 Total cost to be accounted for £101,200 Cost accounted for as follows: Work in process, May 31 £ 8,200 Trasferred to next department 93,000 Total cost accounted for £101,200

Company\'s management would like some extra information about May\'s operation in CPU Assembly Department. (Currency in England is pound, which is denoted by symbol £.)

Determine the costs per equivalent unit for May?

Accounting Basics, Accounting

• Category:- Accounting Basics
• Reference No.:- M918423

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