(TCO 3) Kerner Manufacturing uses a process cost system to manufacture laptop computers. The following information summarizes operations relating to laptop computer model #KJK20 during the quarter ending March 31:
Units                    Direct Labor
Work-in-process inventory, January 1 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 200 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $50,000
Started during the quarter                                             600
Completed during the quarter                                        500
Work-in-process inventory, March 31 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 300
Costs added during the quarter                                                              $720,000
Beginning work-in-process inventory was 50% complete for direct labor costs. Ending work-in-process inventory was 75% complete for direct labor costs. What is the equivalent amount of units of production using the weighted-average unit cost inventory valuation method?
Solution
720000+50000/(500+300) = $962.5
.
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(TCO 3) Kerner Manufacturing uses a process cost system to manufacture.docx
1. (TCO 3) Kerner Manufacturing uses a process cost system to manufacture laptop computers. The
following information summarizes operations relating to laptop computer model #KJK20 during
the quarter ending March 31:
Units                    Direct Labor
Work-in-process inventory, January 1
                           200
                  $50,000
Started during the quarter
                                       Â
    600
Completed during the quarter
                                      Â
500
Work-in-process inventory, March 31
                            300
Costs added during the quarter
                                       Â
                     $720,000
Beginning work-in-process inventory was 50% complete for direct labor costs. Ending work-in-
process inventory was 75% complete for direct labor costs. What is the equivalent amount of
units of production using the weighted-average unit cost inventory valuation method?
Solution
720000+50000/(500+300) = $962.5
