Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I have to use this supplement for these questions thank you! Use the Following Information for Questions 21-25 Thompson Tools prodces dampers in a continuous
I have to use this supplement for these questions
Use the Following Information for Questions 21-25 Thompson Tools prodces dampers in a continuous process through two departments: Assembly and Packaging. All direct materials are added at the beginning of the process in the Assembly Department. Conversion costs are incurred uniformly over time. As units are completed in the Assembly Department, they are transferred to the Packaging Department. The information presented below was compiled for the Assembly Department: 5,000 Units Beginning Work in Process Inventory (30% completed with respect to conversion costs) Units Started 80,000 9,000 Ending Work in Process Inventory (80% completed with respect to conversion costs) Transferred Out to the Packaging Department 76,000 Costs Beginning Work in Process Inventory Direct materials costs incurred in March Conversion costs incurred in March S54.000 $720,000 S490.200 QUESTION 21 Using the information on the Test Supplement, what are the equivalent units of conversion costs for the Assembly Department in March? O A 79.700 OB. 80.000 OC 81.700 0.83.500 E. None of the Above QUESTION 22 Using the information on the Test Supplement, what is the number of units started and completed in the Assembly Department in March? O A 71.000 B. 76,000 C. 80.000 0.85.000 E. None of the Above QUESTION 23 Using the information on the Test Supplement, what is the cost per equivalent unit for direct materials for March? O A $8.47 B. $9.68 OC. 510.00 D. $10.15 E $9.00 QUESTION 24 Using the information on the Test Supplement what is the cost of the units completed and transferred out to the Packaging Department SA $1.030.000 B. $1.065.000 OC $1.086.000 D. 51.140.000 E. None of the Above QUESTION 25 Using the information on the Test Supplement the entry to transfer the goods out of the Assembly Department would include which of the following A. Debit to Finished Goods Inventory OB. Credit to Finished Goods Inventory C. Debit to Work-in-Process - Assembly Department D. Credit to Work in Process - Packaging Department o E. None of the Above thank you!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started