{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T19:00:38-04:00", "answer_date": "2024-05-26 19:00:38", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1754376", "url": "\/study-help\/questions\/data-concerning-a-recent-periods-activity-in-the-assembly-department-1754376", "question_creation_date_js": "2024-05-26T19:00:38-04:00", "question_creation_date": "May 26, 2024 07:00 PM", "meta_title": "[Solved] Data concerning a recent period's activit | SolutionInn", "meta_description": "Answer of - Data concerning a recent period's activity in the Assembly Department, the first processing department in a company th | SolutionInn", "meta_keywords": "data,concerning,recent,period,s,activity,assembly,department,first,processing,company,fifo", "question_title_h1": " Data concerning a recent period's activity in the Assembly Department, the first processing department in a company that uses the FIFO method in its", "question_title": " Data concerning a recent period's activity in the Assembly Department, the", "question_title_for_js_snippet": "Data concerning a recent period's activity in the Assembly Department, the first processing department in a company that uses the FIFO method in its process costing, appear below Cost of work in process inventory at the beginning of the period Equivalent units in the ending work in process inventory Equivalent units required to complete the beginning work in process inventory Cost per equivalent unit for the period Materials $2,700 390 Conversion $ 660 690 $ 2 80 120 1,198 $ 0 60 A total of 25,900 units were completed and transferred to the next processing department during the period Beginning work in process inventory consisted of 1,400 units and ending work in process inventory consisted of 2 800 units Required 1 Compute the Assembly Department's cost of ending work in process inventory for materials, conversion, and in total for the period 2 Compute the Assembly Department's cost of units transferred out to the next department for materials, conversion, and in total for the period Materials Conversion Total 1 Cost of ending work in process inventory 2 Cost of the units transferred to the next department", "question_description": "\"image", "transcribed_text": "Data concerning a recent period's activity in the Assembly Department, the first processing department in a company that uses the FIFO method in its process costing, appear below: Cost of work in process inventory at the beginning of the period Equivalent units in the ending work in process inventory Equivalent units required to complete the beginning work in process inventory Cost per equivalent unit for the period Materials $2,700 390 Conversion $ 660 690 $ 2.80 120 1,198 $ 0.60 A total of 25,900 units were completed and transferred to the next processing department during the period. Beginning work in process inventory consisted of 1,400 units and ending work in process inventory consisted of 2.800 units. Required: 1. Compute the Assembly Department's cost of ending work in process inventory for materials, conversion, and in total for the period. 2. Compute the Assembly Department's cost of units transferred out to the next department for materials, conversion, and in total for the period. Materials Conversion Total 1. Cost of ending work in process inventory 2 Cost of the units transferred to the next department", "related_book": { "title": "Financial Accounting Information For Decisions", "isbn": "9780324313413, 324672705, 324313411, 978-0324672701", "edition": "6th Edition", "authors": "Robert w Ingram, Thomas L Albright", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/157.jpg", "uri": "\/textbooks\/financial-accounting-information-for-decisions-6th-edition-157", "see_more_uri": "" }, "free_related_book": { "isbn": "8196228546", "uri": "\/textbooks\/mastering-go-network-automation-automating-networks-container-orchestration-kubernetes-with-puppet-vegeta-and-apache-jmeter-1st-edition-978-8196228545-126408", "name": "Mastering Go Network Automation Automating Networks Container Orchestration Kubernetes With Puppet Vegeta And Apache JMeter", "edition": "1st Edition" }, "question_posted": "2024-05-26 19:00:38", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/a-trader-has-a-soft-limit-of-8mm-usd-and-432363", "description": "A trader has a soft limit of $8MM USD and a hard limit of $10MM USD. 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