Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

McElroy. Incorporated produces a single model of a popular cell phone in large quantities. A single cell phone moves through two departments, assembly and testing.

image text in transcribed
image text in transcribed
image text in transcribed
McElroy. Incorporated produces a single model of a popular cell phone in large quantities. A single cell phone moves through two departments, assembly and testing. The manufacturing costs in the assembly department during March follow: The assembly department has no beginning Work-in-Process Inventory. During the month, it started 39.000 cell phones, but only 34.000 were fully completed and transferred to the testing department. All parts had been made and placed in the remaining 5,000 cell phones, but only 50% of the conversion had been completed. The company uses the weighted-average method of process costing to accumulate product costs. Required: 1. Compute the equivalent units and costs per equivalent unit for March in the assembly department. 2. Compute the cost of units completed and transferred to the testing department. 3. Compute the cost of the ending Work-in-Process. Complete this question by entering your answers in the tabs below. Compute the equivalent units and costs per equivalent unit for March in the assembly department. (Round "Costs per equivalent unit" to 2 decimal places.) McElroy, Incorporated produces a single model of a popular cell phone in large quantities. A single cell phone moves through two departments, assembly and testing. The manufacturing costs in the assembly department during March follow: The assembly department has no beginning Work-in-Process inventory. During the month, it started 39,000 ceil phones, but only 34,000 were fully completed and transferred to the testing department. All parts had been made and placed in the remaining 5,000 cell phones, but only 508 of the conversion had been completed. The company uses the welghted average method of process costing to accumulate product costs. Required: 1. Compute the equivalent units and costs per equivalent unit for March in the assembly department 2. Compute the cost of units completed and transferred to the testing depatment. 3. Compute the cost of the ending Work-in Process. Complete this question by entering your answers in the tabs below. Compute the cost of units completed and transferred to the testing department, (Reand intermediate calculathons to 2 decimat) McElroy, Incorporated produces a single model of a popular cell phone in large quantities. A single cell phone moves through two departments, assembly and testing. The manufacturing costs in the assembly department during March follow: The assembly department has no beginning Work-in-Process Inventory. During the month, it started 39.000 cell phones, but only 34.000 were fully completed and transferred to the testing department. All parts had been made and placed in the remaining 5.000 cell phones, but only 50% of the conversion had been completed. The company uses the weighted-average method of process costing to accumulate product costs. Required: 1. Compute the equlvalent units and costs per equivalent unit for March in the assembly department. 2. Compute the cost of units completed and transferred to the testing department 3. Compute the cost of the ending Work-in-Process. Complete this question by entering your answers in the tabs below. Compute the cost of the ending Work-in-Process. (Round intermediate calculations to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Employee Motivation Audit

Authors: Jane Weightman

1st Edition

0955970709, 978-0955970702

More Books

Students also viewed these Accounting questions

Question

a. What is the probability that the concentration exceeds .25?

Answered: 1 week ago

Question

Most annuities are categorized as annuities due. True or False

Answered: 1 week ago