Fifth edition Alnoor Bhimani Charles T. Horngren Srikant M. Datar Madhav V. Rajan Farah Ahamed

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solutions-manual-to-bhimani-et-al-management-and-cost-accounting-pearson-2012-1

Equivalent unit costs of work done in current period only

Solution Exhibit B
Step 3: Calculate equivalent unit costs, Assembly Department of Euro-Défense for October 2010.

Direct
materials
Conversion
costs
Equivalent unit costs of opening work in progress
Work in progress, opening (given)
€460,000
€120,000 Divide by equivalent units of opening work in progress
(from Solution Exhibit A)
÷ 20
÷ 12 Cost per equivalent unit of opening work in progress
€23,000
€10,000
Equivalent unit costs of work done in current period only
Costs added in current period (given)
€2,000,000
€935,000 Divide by equivalent units of work done in current period
(from Solution Exhibit A)
÷ 80
÷ 85 Cost per equivalent unit of work done in current period only
€25,000
€11,000

Bhimani, Horngren, Datar and Rajan, Management and Cost Accounting, 5
th
Edition, Instructor’s Manual
© Pearson Education Limited 2012
Solution Exhibit Cb Step 4: Summarise total costs to account for and assign these costs to units completed and units in closing work in progress using the weighted-average method, Assembly Department of Euro-
Défense for October 2010 (in €).

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