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Answer the blanks and fix any wrong answer with a red X please be organized Part 1 Part 2 Cost of Units Completed and in

Answer the blanks and fix any wrong answer with a red X
please be organized
Part 1 image text in transcribed
Part 2
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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 pla process at the beginning of production Work in Process --Assembly Department Bal., 7.000 units, 50% completed 21,000 To Finished Goods, 161,000 units Direct materials, 165,000 units 280,500 $1.7 Direct labor 327,500 Factory overhead 127,360 Bal.. 2 units, 45% completed Cost per equivalent units of $1.70 for Direct Materials and $2.80 for Conversion Costs. 30,000 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 3. Cost of ending work in process inventory 4. Cost par unit of the completed beginning work in procese inventory (Rounded to the nearest cent.) b. Did the production costs change from the preceding period 723,000 32,560 8.3 x Yes c. Assuming that the direct materials cost per unit did not change from the preceding period, did the concom per equivalent increase, German the same for the current period? Increase ACCOUNT Work In Process-Baking Department ACCOUNT NO. Date Item Balance Debit Credit Debit Credit Dec. 1 Bal., 8.400 units, 4/5 completed 21,000 31 Direct materials, 151,200 units 287,280 308,200 31 Direct labor 77,630 385,910 31 Factory overhead 43,666 429,576 31 Goods finished, 153,300 units 413,574 16,002 31 Bai, 7 units, 4/5 completed - 16,002 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit answers to the nearest cent. 1. Direct materials cost per equivalent unt 2. Conversion cost per equivalent un 3. Cost of the beginning work in process completed during December 4. Cost of units started and completed during December 16,002 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for me and December, the conversion cost bereit unit in der Fremanthes December In

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