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3.5 Cost of Units Completed and in Process The charges to Work in ProcessAssembly Department for a period, together with information concerning production, are as
3.5 Cost of Units Completed and in Process
The charges to Work in ProcessAssembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.
Work in ProcessAssembly Department | |||
---|---|---|---|
Bal., 8,000 units, 30% completed | 23,680 | To Finished Goods, 184,000 units | ? |
Direct materials, 188,000 units @ $1.7 | 319,600 | ||
Direct labor | 603,900 | ||
Factory overhead | 234,900 | ||
Bal., ? units, 40% completed | ? |
Cost per equivalent units of $1.70 for Direct Materials and $4.50 for Conversion Costs.
Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department ? Bal., 8,000 units, 30% completed Direct materials, 188,000 units @ $1.7 23,680 To Finished Goods, 184,000 units 319,600 Direct labor 603,900 Factory overhead 234,900 Bal., ? units, 40% completed Cost per equivalent units of $1.70 for Direct Materials and $4.50 for Conversion Costs. a. Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. $ 1. Cost of beginning work in process inventory completed this period $ 2. Cost of units transferred to finished goods during the period TITO $ 3. Cost of ending work in process inventory $ 4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.)Step by Step Solution
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