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

§
90
§
92,700
§
90
§
36,000 90
§
57,780 186,480 Work in progress, closing
(30 physical tonnes)
§
30
§
1,070
*
32,100 0
§
0
§
15
§
663 9,945 42,045 Accounted for 120 124,800 90 36,000 105 67,725 228,525
*
Opening work in progress is 100% complete as to transferred-in costs, so zero equivalent tonnes of transferred-in costs need to be added to complete opening work in progress.

Opening work in progress is 0% complete as to direct materials, which equals 0 equivalent tonnes of direct materials. To complete the 40 physical tonnes of opening work in progress, 40 equivalent tonnes of direct materials need to be added.

Opening work in progress is 75% complete as to conversion costs, which equals 30 equivalent tonnes of conversion costs. To complete the 40 physical tonnes of opening work in progress, 10 (40 − 30) equivalent tonnes of conversion costs need to be added.
||
90 total equivalent tonnes completed and transferred out (Solution Exhibit A) minus 40 equivalent tonnes completed and transferred from opening stock equals 50 equivalent tonnes.


Bhimani, Horngren, Datar and Rajan, Management and Cost Accounting, 5
th
Edition, Instructor’s Manual
© Pearson Education Limited 2012

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