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Solve for August. Please Show Work. (Zoom in on browser to see chart above) Process Costing - Assembly Department - JULY Information regarding inventory production
Solve for August. Please Show Work. (Zoom in on browser to see chart above)
Process Costing - Assembly Department - JULY Information regarding inventory production for the Assembly Department for July is as follows: Process Costing - Assembly Department - AUGUST Information regarding inventory production for the Assembly Department for Aug. is as follows: $ Direct Materials Costs in July for 54,200 Units Direct Labor Costs incurred in July Factory Overhead costs incurred in July Work completed in July: 52,700 units Ending Work in Progress, July 31: 7,100 units, 90% completed 944,164 424,834 223,899 Direct Materials Casts in August for 71,100 Units Direct Labor Casts incurred in August S 1.229.994.0 518,700 266,175 Factory Overhead costs incurred in August Work completed in August: 69,300 units Ending Work in Progress, August 31:8,900 units, 60% completed Equivalent Units of Production for Materials Equivalent Units of Production for Conversion Costs Equivalent Units of Production for Materials Equivalent Units of Production for Whole Units Whole Units 3,920 Category Started in June: Completed in July Started in July: Completed in July Started in July: Completed in August TOTAL 47,100 5,600 47,100 7,100 59,800 47,100 7,100 54,200 Category Started in July: Completed in August Started in August: Completed in August Started in August: Completed in September TOTAL 6.290 57,410 2) Materials cost per equivalent unit $ 2) Materials cost per equivalent unit 17.42 11.30 b. Conversion cost per equivalent unit S b.) Conversion cost per equivalent unit 28.72 al Cost per unit of finished goods started in June completed in July d.) Total cost of all finished goods started in June: completed in July c.) Cost per unit of finished goods started and completed in July t) Total cost of all finished goods started and completed in July Cooper unit of the work in progress inventory on July 31 h.) Total cost of the work in process inventory on July 31 $ $ $ 44,296.00 28.72 1,352,712.00 c.) Cost per unit of finished goods started in July completed in August d.) Total cost of all finished goods started in July completed in August c.) Cost per unit of finished goods started and completed in August t) Total cost of all finished goods started and completed in August 3) Cost per unit of the work in progress inventory on August 31 h. Total cost of the work in process inventory on August 31 28.72 $ 195,889.00 CHECK ANSWERSJULY 120 G24 $ G29 $ 57,410 28.72 195,899.00 Note: For August costs: Enter the amounts given in the case for the preferred options. CHECK ANSWERS AUGUST L20 7 8 200 L25 $ 204,054.00 L29 $ 216,626.00 Process Costing - Assembly Department - JULY Information regarding inventory production for the Assembly Department for July is as follows: Process Costing - Assembly Department - AUGUST Information regarding inventory production for the Assembly Department for Aug. is as follows: $ Direct Materials Costs in July for 54,200 Units Direct Labor Costs incurred in July Factory Overhead costs incurred in July Work completed in July 52,700 units Ending Work in Progress, July 31: 7,100 units, 90% completed 944,164 424,834 223,899 Direct Materials Costs in August for 71,100 Units Direct Labor Costs incurred in August Factory Overhead costs incurred in August Work completed in August: 69,300 units Ending Work in Progress, August 31: 8,900 units, 60% completed Equivalent Units of Production for Materials Equivalent Units of Production for Category Whole Units Category Started in June: Completed in July Started in July: Completed in July Started in July:Completed in August TOTAL Whole Units 5,600 47,100 7,100 59,800 Equivalent Units of Equivalent Units Production of Production for for Materials Conversion Costs 3,920 47,100 47,100 7,100 6,390 54,200 57,410 Started in July: Completed in August Started in August: Completed in August Started in August: Completed in September TOTAL a) Materials cost per equivalent unit 2) Materials cost per equivalent unit $ $ b.) Conversion cost per equivalent unit 17.42 11.30 28.72 b.) Conversion cost per equivalent unit 44.296.00 28.72 c.) Cost per unit of finished goods started in June: completed in July d.) Total cost of all finished goods started in June: completed in July c.) Cost per unit of finished goods started and IS completed in July t) Total cost of all finished goods started and $ completed in July & Cost per unit of the work in progress inventory S on July 31 h.) Total cost of the work in process inventory ons July 31 c.) Cost per unit of finished goods started in July completed in August d.) Total cost of all finished goods started in July completed in August c.) Cost per unit of finished goods started and completed in August t) Total cost of all finished goods started and completed in August 8.) Cost per unit of the work in progress inventory on August 31 h.) Total cost of the work in process inventory on August 31 1,352,712.00 2 8.72 1 95.999.00 CHECK ANSWERS JULY G24 S G29 $ 57,410 28.72 195,889.00 Note: For August costs: Enter the amounts given in the case for the preferred options. CHECK ANSWERS AUGUST LZO 78,200 LZS $ 204,054.00 L29 $ 216.626.00Step by Step Solution
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