The following information concerns production in the Forging Department for September. The Forging Department uses the average
Question:
a. Determine the cost per equivalent unit.
b. Determine the cost of the units transferred to Finished Goods.
c. Determine the cost of ending Work inProcess.
Transcribed Image Text:
ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date ltem Debit Credit Debit Credit Sept. | 1 | Bal., 5,500 units, 4096 completed 30 Direct materials, 36,000 units 284,400 30 Direct labor 30 Factory overheacd 30 Goods transferred, 38,300 units 53,000 337,400 420,785 504,491 83,385 83,706 30 | Bal, 3,200 units, 30% completed
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (9 reviews)
a b Cost of units transferred to Finished Goods 492155 38300 units 1285 c Cost of units in e...View the full answer
Answered By
Vineet Kumar Yadav
I am a biotech engineer and cleared jee exam 2 times and also i am a math tutor. topper comunity , chegg India, vedantu doubt expert( solving doubt for iit jee student on the online doubt solving app in live chat with student)
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred...
-
The following information concerns production in the Forging Department for June.The Forging Department uses the average cost method. a. Determine the cost per equivalent unit.b. Determine the cost...
-
The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are...
-
Maria is opposed to the idea of same-sex marriage. In a recent conversation in the school cafeteria, Maria argues, "If homosexuals are allowed to marry, then why not allow polygamy or other kinds of...
-
What alcohols are obtained from the reduction of the following compounds with sodium borohydride? a. 2-methylpropanal b. Cyclohexanone c. Benzaldehyde d. Acetophenone
-
On January 1, 2018 Karen Company acquired a 4-year bond with a face value of Php 1,200,000 and a stated interest rate of 10% per year payable annually on December 31. The bonds were acquired to yield...
-
The Artic Company's income statement and comparative balance sheets at December 31 of 2019 and 2018 are shown below: Cash dividends of \(\$ 40,000\) were declared and paid during 2019. Plant assets...
-
International Data Systems information on revenue and costs is only relevant up to a sales volume of 105,000 units. After 105,000 units, the market becomes saturated and the price per unit falls from...
-
Describe the difference between a performance-based model and a membership type of compensation program and list conCrete things that would be different in regard that would be different in regard to...
-
A 0.1401-g sample of a purified carbonate was dissolved in 50.00 mL of 0.1140 M HCl and boiled to eliminate CO2. Back-titration of the excess HCl required 24.21 mL of 0.09802 M NaOH. Identify the...
-
The charges to Work in ProcessBaking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials...
-
The increases to Work in ProcessCooking Department for Better Beans Company for January 2006 as well as information concerning production are as follows: Work in process, January 1, 800 pounds, 30%...
-
For a system in unity feedback configuration with forward transmittance \[ G(s)=\frac{K}{s^{2}}, \] a cascade compensator is to be designed to achieve settling time of 1.6 seconds and peak overshoot...
-
suppose mark currently has$90,000 in wealth. Also suppose that there is a 1% chance that his house will be destroyed and cost $80,000 to repair (reducing your income to $10,000). Finally, suppose...
-
Factor completely: 5x-605x
-
You are working for an organisation called Future Enterprises Ltd which has over recent years, grown its market both nationally and internationally. It now wishes to promote the right person from...
-
A system generates weather maps using data collected from unattended weather stations. Each weather station collects meteorological data and produces summaries of the data. On request, it sends the...
-
1. How much authority should the Federal government have to gather information about ordinary patterns which might be an alert to risk for terrorists? Discuss your answer. 2. Should all phone calls...
-
Maggie Sharrer Company borrows $88,500 on September 1, 2019, from Sandwich State Bank by signing an $88,500, 12%, one-year note. What is the accrued interest at December 31, 2019? (a) $2,655. (b)...
-
r = 0.18 Find the coefficients of determination and non-determination and explain the meaning of each.
-
True Or False Many states require that spouses sue only once for injuries resulting from a single accident or event.
-
Assume the bonds in BE14-2 were issued at 98. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Colson Company records straight-line amortization semiannually.
-
Assume the bonds in BE14-2 were issued at 98. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Colson Company records straight-line amortization semiannually.
-
Assume the bonds in BE14-2 were issued at 103. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Colson Company records straight-line amortization...
-
Part III: State St. Co. The State St. Co. has just gone public. Under a firm commitment agreement, the company received $17.64 for each of the 3.2 million shares sold. The initial offering price was...
-
Problem 12-6 Market Model The following three stocks are available in the market: E(R) B Stock A 11.1% 1.20 Stock B 13.0 1.00 Stock C 15.5 1.40 1 Market 14.5 Assume the market model is valid. a. The...
-
Question Content Area Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to five separate...
Study smarter with the SolutionInn App