Question
The charges to Work in ProcessBaking Department for a period as well as information concerning production are as follows. The Baking Department uses the weighted
The charges to Work in ProcessBaking Department for a period as well as information concerning production are as follows. The Baking Department uses the weighted average method, and all direct materials are placed in process during production.
Work in ProcessBaking Department | |||
---|---|---|---|
Bal., 900 units, 40% completed | 2,466 | To Finished Goods, 8,100 units | ? |
Direct materials, 8,400 units | 34,500 | ||
Direct labor | 16,200 | ||
Factory overhead | 8,574 | ||
Bal., 1,200 units, 60% completed | ? |
a. Determine the number of whole units to be accounted for and to be assigned costs. fill in the blank 1 units
b. Determine the number of equivalent units of production. fill in the blank 2 units
c. Determine the cost per equivalent unit. $fill in the blank 3 per equivalent unit
d. Determine the cost of units transferred to Finished Goods. $fill in the blank 4
e. Determine the cost of units in ending Work in Process. $fill in the blank 5
12. EX.17.25
Cost per Equivalent Unit: Weighted average method
The following information concerns production in the Forging Department for June. The Forging Department uses the Weighted average method.
ACCOUNT Work in ProcessForging Department | ACCOUNT NO. | ||||||||
Date | Item | Debit | Credit | Balance | |||||
Debit | Credit | ||||||||
June | 1 | Bal., 500 units, 40% completed | 5,000 | ||||||
30 | Direct materials, 3,700 units | 49,200 | 54,200 | ||||||
30 | Direct labor | 25,200 | 79,400 | ||||||
30 | Factory overhead | 25,120 | 104,520 | ||||||
30 | Goods transferred, 3,600 units | ? | ? | ||||||
30 | Bal., 600 units, 70% completed | ? |
a. Determine the cost per equivalent unit. $fill in the blank 1 per equivalent unit
b. Determine cost of units transferred to Finished Goods. $fill in the blank 2
c. Determine the cost of units in ending Work in Process. $fill in the blank 3
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