Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Last question on my homework excise... can I get help please? It's due tonight... Cost of Units Completed and in Process The charges to Work
Last question on my homework excise... can I get help please? It's due tonight...
Cost of Units Completed and in Process The charges to Work in Process-Assembly 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., 900 units, 35% completed 22,450 To Finished Goods, 16,260 units ? Direct materials, 16,000 units @ $21 336,000 Direct labor 101,380 Factory overhead 93,416 Bal.? units, 45% completed ? a. Based on the above data, determine the different costs listed below. 1. Cost of beginning work in process inventory completed this period. $ 2. Cost of units transferred to finished goods during the period. $ 3. Cost of ending work in process inventory. $ 4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent. $ b. Did the production costs change from the preceding period? Select c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain the same for the current period? Select Cost of Units Completed and in Process The charges to Work in Process-Assembly 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., 900 units, 35% completed 22,450 To Finished Goods, 16,260 units ? Direct materials, 16,000 units @ $21 336,000 Direct labor 101,380 Factory overhead 93,416 Bal.? units, 45% completed ? a. Based on the above data, determine the different costs listed below. 1. Cost of beginning work in process inventory completed this period. $ 2. Cost of units transferred to finished goods during the period. $ 3. Cost of ending work in process inventory. $ 4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent. $ b. Did the production costs change from the preceding period? Select c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain the same for the current period? SelectStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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