Question
I ONLY NEED HELP WITH PART D! Thanks! Equivalent Units of Production and Related Costs The charges to Work in ProcessAssembly Department for a period,
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I ONLY NEED HELP WITH PART D! Thanks!
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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.
Work in Process-Assembly Department Bal., 3,000 units, 60% completed 11,760 To Finished Goods, 69,000 units ? Direct materials, 71,000 units @ $1.4 99,400 Direct labor 230,700 Factory overhead 89,700 Bal. ? units, 80% completed ? Determine the following:
a. The number of units in work in process inventory at the end of the period. units
Feedback
Units in ending work in process represent units that have been started in the department but have not been completed, and therefore have not been transferred out to finished goods.
b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".
Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Whole Units Equivalent Units Direct Materials Equivalent Units Conversion Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending Total units Feedback
When are materials added in the process? How does that affect the number of equivalent units in beginning work in process, units that have been started and completed and units in ending work in process? For units to be completed they have to be complete with respect to both materials and conversion.
c. The rate used to allocate costs between completed and partially completed production.Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.
Costs Per Equivalent Unit Direct Materials $ Conversion $ d. Cost of the units started and completed during the period. $
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