Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Finishing Department started the month with 400 units in process, received 2.600 units from the Assembly Department, and transferred 2.700 units to the finished

image text in transcribed
image text in transcribed
image text in transcribed
The Finishing Department started the month with 400 units in process, received 2.600 units from the Assembly Department, and transferred 2.700 units to the finished goods storage area. All direct materials are added at the beginning of the process. The units in process at the end of the month are 40% complete with respect to conversion costs. The department uses the weighted average method. The Finishing Department incurred the following costs: Click the icon to view the costs.) Read the requirements 8. How many units are well in process at the end of the month? Determine the formule, then enter the amounts to calculate units in process at the end of the month. To account for Transferred out in process units 400 2.600 300 Data Table Transferred in Direct Materials Conversion Costs Total Beginning WIP Added this month 4,320 $ 28,080 $ 680 4,420 1,300 8,006 $ 6,300 $ 40,506 $ Total 32,400 5,100 9,306 46,806 Print Done Requirements 8. How many units are still in process at the end of the month? 9. Compute the equivalent units of production for the Finishing Department. 10. Determine the cost per equivalent unit for transferred in, direct materials and conversion costs. 11. Determine the cost to be transferred to Finished Goods Inventory. Print Done

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

Step: 3

blur-text-image

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

Produktivitat Von Dienstleistungen

Authors: Klaus Moller, Wolfgang Schultze

3rd Edition

3658040858, 9783658040857

More Books

Students also viewed these Accounting questions

Question

Why should an employer be concerned about negligent hiring?

Answered: 1 week ago

Question

What are the various methods of interviewing? Define each.

Answered: 1 week ago