Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

on/assignmentFinished Main.do Practice Chapter 17 ebook Printem Cost of Units Completed and in Process The charges to Work in Process --Assembly Department for a period,

image text in transcribed
on/assignmentFinished Main.do Practice Chapter 17 ebook Printem 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, 3,000 units, 75% completed 10,125 To Finished Goods, 69,000 units Direct materials, 71,000 units 51.5 106,500 Direct labor 135,100 factory overhead 52,550 Bal., 2 units, 55 completed Cost per equivalent units of $1.50 for Direct Materials and $2.70 for Conversion Costs .. Based on the above data, determine the different costs listed below If required, round your interim calculations to two decimal places 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period UTIT 1. Cost of ending work in process inventory 4. Cost be unt of the completed beginning work in process inventory (Mounded to the nearest cent.) b. Dit the production costs change from the preceding period? c. Auming that the direct materials com per unit and not change from the preceding period, did the conversion cost per content is incream, decream, or remain the same for the current per Oeck My Work Previous N All work on/assignmentFinished Main.do Practice Chapter 17 ebook Printem 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, 3,000 units, 75% completed 10,125 To Finished Goods, 69,000 units Direct materials, 71,000 units 51.5 106,500 Direct labor 135,100 factory overhead 52,550 Bal., 2 units, 55 completed Cost per equivalent units of $1.50 for Direct Materials and $2.70 for Conversion Costs .. Based on the above data, determine the different costs listed below If required, round your interim calculations to two decimal places 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period UTIT 1. Cost of ending work in process inventory 4. Cost be unt of the completed beginning work in process inventory (Mounded to the nearest cent.) b. Dit the production costs change from the preceding period? c. Auming that the direct materials com per unit and not change from the preceding period, did the conversion cost per content is incream, decream, or remain the same for the current per Oeck My Work Previous N All work

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 Practice Of Modern Internal Auditing

Authors: Lawrence B Sawyer

2nd Edition

0894130927, 978-0894130922

More Books

Students also viewed these Accounting questions

Question

4. Explain the strengths and weaknesses of each approach.

Answered: 1 week ago

Question

3. Identify the methods used within each of the three approaches.

Answered: 1 week ago