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

§
2,000
§

61,591
§
2,000
§
41,975 103,566 Work in progress, closing
(500 physical units)
§
500
§
31.8182 15,909
§
125
§
21.1970 2,650 18,559 Accounted for
2,500

77,500 2,125 44,625 122,125
*
Opening work in progress is 100% complete as to direct materials, so zero equivalent units of direct materials need to be added to complete opening work in progress.

Opening work in progress is 40% complete as to conversion costs, which equals 120 equivalent units of conversion costs. To complete the 300 physical units of opening work in progress, 180 (300 − 120) equivalent units of conversion costs need to be added.

2,000 total equivalent units completed and transferred out (Solution Exhibit A) minus 300 equivalent units completed and transferred from opening stock equals 1,700 equivalent units.
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