Cost of Units Transferred out and Ending Work In Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $0.60 and $1.65, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 3,700 Started and completed during October 46,000 46,000 Transferred out of Rolling completed) 46,000 49,700 Inventory in process, October 31 4,000 2,000 Total units to be assigned costs 50,000 51,700 The beginning work in process inventory on October I had a cost of $2,110 Determine the cost of completed and transferred out production, the ending work in process Inventory, and the total costs assigned by the Rolling Department Completed and transferred-out production Inventory in process, October 31 Totocosts assigned by the Rolling Department Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balanca The cost accountant for River Rock Beverage co estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $609,700, and total direct labor costs would be $469,000. During February, the actual direct labor cost totaled $40,000, and factory overhead cost incurred totaled 554,100 a. What is the predetermined factory overhead rate based on direct labor cost Enter your answer as a whole percent not in decimals % b. Journalize the entry to apply factory overhead to production for February c. What is the February 28 balance or the account Factory Overhead --Hending Department? Amount: Debit or Credit? d. Does the balance in part (C) represent overappiled or underapplied factory overhead? Equivalent Units of Production The Converting Department of Worley Company had 640 units in work in process at the beginning of the period, which were 25% complete. During the period, 13,600 units were completed and transferred to the Packing Department. There were 720 units in process at the end of the period, which were 30% complete. Direct materials are placed into the process at the beginning of production Determine the number of equivalent units of production with respect to direct materials and conversion costs. It an amount is zero, enter into Worley Company Number of Equivalent Units of Production Whole Units Direct Materials Conversion Equivalent Units Equivalent Units Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total eBook B Show Me How The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production ACCOUNT Work in Process-Baking Department ACCOUNT NO Balance Date Item Debit Credit Debit Credit Dec 1 Bal,7,800 units, 2/3 completed 8,320 31 Direct materials, 140,400 units 224,640 232,960 31 Direct labor 62,990 295,950 31 Factory overhead 35,430 331,380 31 Goods finished, 142,200 units 319,260 12,120 31 Bal, ?units, 3/5 completed 12,120 a. Determine the number of units in work in process inventory at December 31 units b. Determine the equivalentunits of production for direct materials and conversion costs in December. If an amount is zero, enter in Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Whole Units Equivalent Units Equivalent Direct Materials Units Conversion Inventory in process, December 1 Started and completed in December Transferred to finished goods in December Inventory in process, December 31 Total