Question
Washington, Inc., makes three models of motorized carts for vacation resorts, X-10, X-20, and X-40. Washington manufactures the carts in two assembly departments: Department A
Washington, Inc., makes three models of motorized carts for vacation resorts, X-10, X-20, and X-40. Washington manufactures the carts in two assembly departments: Department A and Department B. All three models are processed initially in Department A, where all material is assembled. The X-10 model is then transferred to finished goods. After processing in Department A, the X-20 and X-40 models are transferred to Department B for final assembly, and then transferred to finished goods.
There were no beginning work-in-process inventories on April 1. Data for April are shown in the following table. Ending work in process is 30 percent complete in Department A and 60 percent complete in Department B. Conversion costs are allocated based on the number of equivalent units processed in each department.
Total | X-10 | X-20 | X-40 | |||||||||
Units started | 450 | 360 | 210 | |||||||||
Units completed in Department A | 410 | 260 | 190 | |||||||||
Units completed in Department B | 225 | 150 | ||||||||||
Materials | $ | 309,750 | $ | 33,750 | $ | 108,000 | $ | 168,000 | ||||
Conversion costs: | ||||||||||||
Department A | $ | 295,100 | ||||||||||
Department B | 42,000 | |||||||||||
Total conversion costs | $ | 337,100 | ||||||||||
Required:
a. What is the unit cost of each model transferred to finished goods in April?
b. What is the balance of work-in-process inventory on April 30 for Department A? Department B?
Check my work Washington, Inc., makes three models of motorized carts for vacation resorts, X-10, X-20, and X-40. Washington manufactures the carts in two assembly departments: Department A and Department B. All three models are processed initially in Department A, where all material is assembled. The X-10 model is then transferred to finished goods. After processing in Department A, the X-20 and X-40 models are transferred to Department B for final assembly, and then transferred to finished goods. 20 points There were no beginning work-in-process inventories on April 1. Data for April are shown in the following table. Ending work in process is 30 percent complete in Department A and 60 percent complete in Department B. Conversion costs are allocated based on the number of equivalent units processed in each department. eBook References Total X-10 X-20 X-40 450 360 210 410 260 190 225 150 $309,750 $ 33,750 $108,000 $168,000 Units started Units completed in Department A Units completed in Department B Materials Conversion costs: Department A Department B Total conversion costs $295, 100 42,000 $337,100 Required: a. What is the unit cost of each model transferred to finished goods in April? b. What is the balance of work-in-process inventory on April 30 for Department A? Department B? Complete this question by entering your answers in the tabs below. Required A Required B ...What is the unit cost of each model transferred to finished goods. in April? (Do not round.intermediate calculations. Required: a. What is the unit cost of each model transferred to finished goods in April? b. What is the balance of work-in-process inventory on April 30 for Department A? Department B? Complete this question by entering your answers in the tabs below. Required A Required B What is the unit cost of each model transferred to finished goods in April? (Do not round intermediate calculations.) Product Unit Cost X-10 X-20 X-40 Required: a. What is the unit cost of each model transferred to finished goods in April? b. What is the balance of work-in-process inventory on April 30 for Department A? Department B? Complete this question by entering your answers in the tabs below. Required A Required B What is the balance of work-in-process inventory on April 30 for Department A? Department B? (Do not round intermediate calculations.) Department A Department B Balance of work-in-process ending inventoryStep by Step Solution
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