Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

The charges to Work in ProcessAssembly 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
Transaction Debit amount Transaction Credit amount
Bal., 3,000 units, 45% completed 8,310 To Finished Goods, 69,000 units ?
Direct materials, 71,000 units @ $1.60113,600
Direct labor 143,400
Factory overhead 55,820
Bal., ? units, 70% completed ?
Question Content Area
Determine the following:
a. The number of units in work in process inventory at the end of the period.
fill in the blank 1 of 1
? units
Question Content Area
Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".
Work in Process-Assembly Department
Equivalent Units of Production for Direct Materials and Conversion Costs
Line Item Description
Whole
Units Equivalent
Units
Direct
Materials
Equivalent
Units
Conversion
Inventory in process, beginning Inventory in process, beginning
Inventory in process, beginning
Inventory in process, beginning
Started and completed Started and completed
Started and completed
Started and completed
Transferred to finished goods Transferred to finished goods
Transferred to finished goods
Transferred to finished goods
Inventory in process, ending Inventory in process, ending
Inventory in process, ending
Inventory in process, ending
Total units Total units
Total units
Total units
Feedback Area
Question Content Area
c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.
Costs Per Equivalent Unit
Direct Materials fill in the blank 1 of 2$
Conversion fill in the blank 2 of 2$
d. Cost of the units started and completed during the period.

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

Using Financial Accounting Information The Alternative to Debits and Credits

Authors: Gary A. Porter, Curtis L. Norton

10th edition

978-1337276337, 1337276332, 978-1337517546, 1337517542, 978-1337491471

More Books

Students also viewed these Accounting questions

Question

=+b) Cut the runs to 8 by testing only in hot water.

Answered: 1 week ago