Answered step by step
Verified Expert Solution
Question
1 Approved Answer
00 8 McElroy, Incorporated produces a single model of a popular cell phone in large quantities. A single cell phone moves through two departments, assembly
00 8 McElroy, Incorporated produces a single model of a popular cell phone in large quantities. A single cell phone moves through two departments, assembly and testing. The manufacturing costs in the assembly department during March follow: Direct materials Conversion costs points $ 159,600 169,000 $ 328,600 eBook The assembly department has no beginning Work-in-Process Inventory. During the month, it started 28,000 cell phones, but only 24,000 were fully completed and transferred to the testing department. All parts had been made and placed in the remaining 4,000 cell phones, but only 50% of the conversion had been completed. The company uses the weighted average method of process costing to accumulate product costs. Print Required: 1. Compute the equivalent units and costs per equivalent unit for March in the assembly department. 2. Compute the cost of units completed and transferred to the testing department. 3. Compute the cost of the ending Work-in-process. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the equivalent units and costs per equivalent unit for March in the assembly department. (Round "Costs per equivalent unit" to 2 decimal places.) Direct Materials Conversion Equivalent units Costs per equivalent unit 00 8 McElroy, Incorporated produces a single model of a popular cell phone in large quantities. A single cell phone moves through two departments, assembly and testing. The manufacturing costs in the assembly department during March follow: 2 points Direct materials Conversion costs $ 159,600 169,000 $ 328,600 eBook The assembly department has no beginning Work-in-Process Inventory. During the month, it started 28,000 cell phones, but only 24,000 were fully completed and transferred to the testing department. All parts had been made and placed in the remaining 4,000 cell phones, but only 50% of the conversion had been completed. The company uses the weighted-average method process costing to accumulate product costs. Print Required: 1. Compute the equivalent units and costs per equivalent unit for March in the assembly department. 2. Compute the cost of units completed and transferred to the testing department. 3. Compute the cost of the ending Work-in-process. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the cost of units completed and transferred to the testing department. (Round intermediate calculations to 2 decimal places.) Cost of units completed and transferred out 00 8 McElroy, Incorporated produces a single model of a popular cell phone in large quantities. A single cell phone moves through two departments, assembly and testing. The manufacturing costs in the assembly department during March follow: 2 points Direct materials Conversion costs $ 159,600 169,000 $ 328,600 eBook The assembly department has no beginning Work-in-Process Inventory. During the month, it started 28,000 cell phones, but only 24,000 were fully completed and transferred to the testing department. All parts had been made and placed in the remaining 4,000 cell phones, but only 50% of the conversion had been completed. The company uses the weighted average method of process costing to accumulate product costs. Print Required: 1. Compute the equivalent units and costs per equivalent unit for March in the assembly department. 2. Compute the cost of units completed and transferred to the testing department. 3. Compute the cost of the ending Work-in-Process. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the cost of the ending Work-in-process. (Round intermediate calculations to 2 decimal places.) Cost of the ending work-in-process
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started