The following information concerns production in the Forging Department for April. The Forging Department uses the average
Question:
a. Determine the cost per equivalent unit.
b. Determine the cost of units transferred to Finished Goods.
c. Determine the cost of units in ending Work in Process.
Transcribed Image Text:
ACCOUNT NO. ACCOUNT Work in Process-Forging Department Balance Credit Debit Debit Credit Date Item Apr. 1 Bal., 500 units, 40% completed 30 Direct materials, 4,900 units 30 Direct labor 30 Factory overhead 30 4,400 60,475 92,075 116,775 56,075 31,600 24,700 Goods transferred, 4,700 units 30 Bal., 700 units, 70% completed
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a b Cost of units transferred to Finished Goods 105750 4700 u...View the full answer
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