The following information concerns production in the Finishing Department for March. The Finishing Department uses the average

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The following information concerns production in the Finishing Department for March. The Finishing Department uses the average cost method.

a. Determine the number of units in work in process inventory at the end of the month.b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production forMarch.

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Question Posted: Oct 20, 2011 09:43 AM

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The following information concerns production in the Finishing Department for March. The Finishing Department uses the average

Question:

ACCOUNT Work in Process-Finishing Department Date Mar. 1 Item Bal., 15,000 units, 40% completed Direct materials, 144,000 units Direct labor 24,600 31 31 345,000 163,200 Factory overhead Bal., ? units, 60% completed 31 31 86,700 Goods transferred, 142,500 units -578,550 40,950 31

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a Units in process March 1 15000 Units placed into production for March 144000 Less units finis...View the full answer

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