Units of production data for the two processing departments of the Tennessee Cable and Wire Company for

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Units of production data for the two processing departments of the Tennessee Cable and Wire Company for May of the current fiscal year are as follows:

Drawing Department Winding Department Work in process, May 1 1,500 units, 1,000 units, 50% completed 30% completed Units started during May Completed and transferred out during May Work in process, May 31 45,500 units 45,000 units 45,000 units 44,600 units 2,000 units, 65% completed 1,400 units, 35% completed

Each department uses the weighted average cost method.

a. Determine the number of units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department.

b. Determine the number of units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.

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Survey Of Accounting

ISBN: 9780357132593

9th Edition

Authors: Carl S. Warren, Amanda Farmer

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