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Can you please show me the steps to solve this problem also. The charges to Work in Process-Assembly Department for a period, together with information
Can you please show me the steps to solve this problem also.
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., 2,000 units, 45% completed Direct materials, 47,000 units $1.5 Direct labor Factory overhead Bal, 2 units, 70% completed Cost per equlvalent unlts of $1.50 for Direct Materlals and $2.90 for Converslon Costs. 5,430 To Finished Goods, 46,000 units 70,500 98,600 38,280 a. Based on the above data, determine the different costs llsted below If required, round your interim calculations to two decimal places 1. Cost of beginning work in process iventory completed this period. 2. Cost of units transferred to finlshed goods during the perlod. 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 b. Did the production costs change from the preceding period? C. Assuming that the direct materlals cost per unlt did not change from the preceding period, did the converslon costs per equivalent unlt Increase, decrease, or remaln the same for the current perlodStep by Step Solution
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