Question
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
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 ProcessAssembly Department | |||
|---|---|---|---|
| Bal., 2,000 units, 50% completed | 5,600 | To Finished Goods, 46,000 units | ? |
| Direct materials, 47,000 units @ $1.8 | 84,600 | ||
| Direct labor | 70,500 | ||
| Factory overhead | 27,465 | ||
| Bal. ? units, 55% completed | ? |
a. 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. | $fill in the blank 1 |
| 2. Cost of units transferred to finished goods during the period. | $fill in the blank 2 |
| 3. Cost of ending work in process inventory. | $fill in the blank 3 |
| 4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent. |
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Capex A Knowledge Based Expert System For Substantive Audit Planning
Authors: J. Efrim Boritz, Anthony K. P. Wensley
1st Edition
1558760563, 978-1558760561
