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Appendix EX 20-25 Equivalent units of production: average cost method Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 Completed and transferred to next processing department during July Work in process, July 31 500 units, 50% completed 350 units, 30% completed 11,400 units 10,950 units 700 units, 55% completed 800 units, 25% completed Each department uses the average cost method. a. Determine the number of whole 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 whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.

Appendix EX 20-25 Equivalent units of production: average cost method Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 Completed and transferred to next processing department during July Work in process, July 31 500 units, 50% completed 350 units, 30% completed 11,400 units 10,950 units 700 units, 55% completed 800 units, 25% completed Each department uses the average cost method. a. Determine the number of whole 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 whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...
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Exercise 20-25 Drawing Department Transferred to Packing Department Inventory in process, ending (55% completed) Equivalent Units of Production Winding Department Transferred to Packing Department Inventory in process, ending (25% completed) Equivalent Units of Production
Transcribed Image Text:Exercise 20-25 Drawing Department Transferred to Packing Department Inventory in process, ending (55% completed) Equivalent Units of Production Winding Department Transferred to Packing Department Inventory in process, ending (25% completed) Equivalent Units of Production
Appendix EX 20-25 Equivalent units of production: average cost method Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 Completed and transferred to next processing department during July Work in process, July 31 500 units, 50% completed 350 units, 30% completed 11,400 units 10,950 units 700 units, 55% completed 800 units, 25% completed Each department uses the average cost method. a. Determine the number of whole 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 whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.
Transcribed Image Text:Appendix EX 20-25 Equivalent units of production: average cost method Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 Completed and transferred to next processing department during July Work in process, July 31 500 units, 50% completed 350 units, 30% completed 11,400 units 10,950 units 700 units, 55% completed 800 units, 25% completed Each department uses the average cost method. a. Determine the number of whole 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 whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.
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