Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required 2 - Compute the costof units completed and transferred to the testing department.(Round intermediate calculations to 2 decimal places.) Cost of units completed and

Required 2 - Compute the costof units completed and transferred to the testing department.(Round intermediate calculations to 2 decimal places.)

Cost of units completed and transferred out -

Required 3 - Compute the cost of the ending Work-in-Process.(Round intermediate calculations to 2 decimal places.)

Cost of the ending work-in-process -

image text in transcribedimage text in transcribed \fMcElroy, Inc., 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: Dir'ect materials $244,998 Conversion costs 239,466 $483,489 The assembly department has no beginning Work-in-Process Inventory. During the month, it started 40,000 cell phones, but only 36,000 were fully completed and transferred to the testing department. All parts had been made and placed in the remaining 4,000 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. Required 3 Compute the equivalent units and costs per equivalent unit for March in the assembly department. (Round "Costs per equivalent unit'l to 2 decimal places.) Required 1 Required 2 Equivalent units Costs per equivalent unit Required 2 >

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_2

Step: 3

blur-text-image_3

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

Financial Accounting Plus

Authors: Robert Libby, Patricia Libby, Daniel Short

7th Edition

0077480015, 9780077480011

More Books

Students also viewed these Accounting questions

Question

1. To take in the necessary information,

Answered: 1 week ago