Question
The debits to Work-in-Process for Department #2 for the month of April of the current year, together with information concerning production, are presented below. All
The debits to Work-in-Process for Department #2 for the month of April of the current year, together with information concerning production, are presented below. All direct materials come from Department #1. The units completed include the 1,200 in process at the beginning of the period. Department #2 uses FIFO costing. WORK-IN-PROCESS DEPARTMENT #2 1,200 units, completed From Dept. 1, 6,000 units 3,600 Direct Labor 8,000 Factory OH 4,800 1,000 units, complete ???? ($1,200 Product X,6,200 units ????)outgoing What are the total costs to be accounted for on the production cost report for Department #2 for the period? Determine the equivalent units of production for conversion costs. The conversion costs per equivalent units is?
The unit cost of Product X started and completed in the current period ?
The cost of goods transferred to finished goods? The cost of the ending Work-in-Process Inventory is?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started