The Assembly Department of EFY Surge Protectors began September with no work in process inventory. During the month, production that cost $35,282

(direct materials, $8,242, and conversion costs, $27,040) was started on 23,000 units. EFY completed and transferred to the Testing Department a total of 12,000 units. The ending work in process inventory was 35% complete as to direct materials and 80% complete as to conversion work.

Requirements

1. Compute the equivalent units for direct materials and conversion costs.

2. Compute the cost per equivalent unit.

3. Assign the costs to units completed and transferred out and ending work in process inventory.

4. Record the journal entry for the costs transferred out of the Assembly Department to the Testing Department.

5. Post all of the transactions in the Work in Process

InventoryAssembly

T-account. What is the ending balance?

The Assembly Department of EFY Surge Protectors began September with no work in process inventory. During the month, production that cost $35,282 (direct materials, 58,242, and conversion costs, $27,040) was started on 23,000 units EFY completed and transferred to the Testing Department a total of 12,000 units. The ending work in process inventory was 35% complete as to direct materials and 80% complete as to conversion work. Requirements 1. Compute the equivalent units for direct materials and conversion costs. 2. Compute the cost per equivalent unit. 3. Assign the costs to units completed and transferred out and ending work in process inventory. 4. Record the journal entry for the costs transferred out of the Assembly Department to the Testing Department. 5. Post all of the transactions in the Work in Process Inventory-Assembly T-account. What is the ending balance? Requirement 1. Compute the equivalent units for direct materials and conversion costs. EFY Surge Protectors Assembly Department Flow of Physical Units and Computation of Equivalent Units Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Total equivalent units Requirement 2. Compute the cost per equivalent unit. (For entries with a zero balance, make sure to enter "O" in the appropriate column. Round the cost per equivalent unit to the nearest cent.) EFY Surge Protectors Assembly Department Cost per Equivalent Unit Direct Conversion Costs Materials Cost per equivalent unit Requirement 3. Assign the costs to units completed and transferred out and ending work in process inventory. (Enter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. Round your answers to the nearest whole dollar.) EFY Surge Protectors Assembly Department Assignment of Costs Direct Materials Assign costs: Conversion Costs Total Total cost accounted for Requirement 4. Record the journal entry for the costs transferred out of the Assembly Department to the Testing Department. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit Requirement 5. Post the transactions to the Work in Process Inventory-Assembly T-account. What is the ending balance? (For entries with a zero balance, make sure to enter "0" in the appropriate column. Leave any unused cells blank.) Work in Process Inventory-Assembly Bal September 1 Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 5. Post the transactions to the Work in Process InventoryAssembly T-account. What is the ending balance? (For entries with a zero balance, make sure to enter "O" in the appropriate column. Leave any unused cells blank.) Work in Process Inventory-Assembly Bal September 1 Bal September 30 Choor from a licto antor a number in the input field and then continue to the nout auction