Question
A manufacturer has two manufacturing departments, Assembly and Painting. The company uses the FIFO method and it reports the following data. Units completed in the
A manufacturer has two manufacturing departments, Assembly and Painting. The company uses the FIFO method and it reports the following data. Units completed in the Assembly department are transferred to the Painting department.
| Units | Direct materials Percent Complete | Conversion Percent Complete | |
|---|---|---|---|
| Beginning work in process inventory | 75,000 | 60% | 40% |
| Units started this period | 900,000 | ||
| Units completed and transferred out | 885,000 | ||
| Ending work in process inventory | 90,000 | 80% | 30% |
Production cost information for the Assembly department follows.
| Beginning work in process | ||
|---|---|---|
| Direct materials | $ 134,400 | |
| Conversion | 45,900 | $ 180,300 |
| Costs added this period | ||
| Direct materials | $ 3,693,600 | |
| Conversion | 2,690,100 | $ 6,383,700 |
Calculate the number of units started and completed this period for the Assembly department.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
