Question
Equivalent Units of Production and Related Costs The charges to Work in ProcessAssembly Department for a period, together with information concerning production, are as follows.
Equivalent Units of Production and Related Costs
The charges to Work in ProcessAssembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.
Transaction | Debit amount | Transaction | Credit amount |
---|---|---|---|
Bal., 8,000 units, 35% completed | 20,600 | To Finished Goods, 184,000 units | ? |
Direct materials, 188,000 units @ $1.70 | 319,600 | ||
Direct labor | 361,600 | ||
Factory overhead | 140,600 | ||
Bal., ? units, 40% completed | ? |
Question Content Area
Determine the following:
a. The number of units in work in process inventory at the end of the period. fill in the blank 1 of 1 units
Question Content Area
b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".
Line Item Description | Whole Units | Equivalent Units Direct Materials | Equivalent Units Conversion |
---|---|---|---|
Inventory in process, beginning | Inventory in process, beginning | Inventory in process, beginning | Inventory in process, beginning |
Started and completed | Started and completed | Started and completed | Started and completed |
Transferred to finished goods | Transferred to finished goods | Transferred to finished goods | Transferred to finished goods |
Inventory in process, ending | Inventory in process, ending | Inventory in process, ending | Inventory in process, ending |
Total units | Total units | Total units | Total units |
Question Content Area
c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.
Costs Per Equivalent Unit | |
---|---|
Direct Materials | fill in the blank 1 of 2$ |
Conversion | fill in the blank 2 of 2$ |
d. Cost of the units started and completed during the period. fill in the blank 1 of 1$
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