Appendix EX 20-27 Equivalent units of production and related costs The charges to Work in Process-Baking Department for a period as well as informa- tion concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production. Work in Process-Baking Department To Finished Goods, 8,100 units Bal., 900 units, 40% completed Direct materials, 8,400 units 2,466 ? 34,500 Direct labor 16,200 Factory overhead Bal., 1,200 units, 60% completed 8,574 Determine the following: a. The number of whole units to be accounted for and to be assigned costs b. The number of equivalent units of production c. The cost per equivalent unit d. The cost of units transferred to Finished Goods e. The cost of units in ending Work in Process

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
100%
Exercise 20-27
b
Transferred to Packing Department
8,100
Inventory in process, ending
720
Equivalent Units of Production
8,820
C
Cost per equivalent unit
d
Cost of units transferred to FG
e
Cost of units in ending WIP
Transcribed Image Text:Exercise 20-27 b Transferred to Packing Department 8,100 Inventory in process, ending 720 Equivalent Units of Production 8,820 C Cost per equivalent unit d Cost of units transferred to FG e Cost of units in ending WIP
Appendix
EX 20-27 Equivalent units of production and related costs
The charges to Work in Process-Baking Department for a period as well as informa-
tion concerning production are as follows. The Baking Department uses the average cost
method, and all direct materials are placed in process during production.
Work in Process-Baking Department
Bal., 900 units, 40% completed
2,466
To Finished Goods, 8,100 units
?
Direct materials, 8,400 units
34,500
Direct labor
16,200
Factory overhead
Bal., 1,200 units, 60% completed
8,574
Determine the following:
a. The number of whole units to be accounted for and to be assigned costs
b. The number of equivalent units of production
c. The cost per equivalent unit
d. The cost of units transferred to Finished Goods
e. The cost of units in ending Work in Process
Transcribed Image Text:Appendix EX 20-27 Equivalent units of production and related costs The charges to Work in Process-Baking Department for a period as well as informa- tion concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production. Work in Process-Baking Department Bal., 900 units, 40% completed 2,466 To Finished Goods, 8,100 units ? Direct materials, 8,400 units 34,500 Direct labor 16,200 Factory overhead Bal., 1,200 units, 60% completed 8,574 Determine the following: a. The number of whole units to be accounted for and to be assigned costs b. The number of equivalent units of production c. The cost per equivalent unit d. The cost of units transferred to Finished Goods e. The cost of units in ending Work in Process
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