Balance Date Item Debit Credit Debit Credit Nov. 1 Bal., 1,200 units, 60% completed 30 Direct materials, 8,300 units 30 Direct labor 30 Factory overhead 30 Goods transferred, 2 units 30 Bal., 900 units, 70% completed 20,856 124,500 18,950 20,196 145,356 164,306 ? 184,502 The above information concerns production in theForging Department for November. All direct materials are placed in process at the beginning of What is the Direct Materials Cost Per Equvalent Unit? What is the Conversion cost per equivalent unit? What is the cost of the beginning work in process completed during May? What is the cost of the ending work in process? What is the amount of the costs transfered to Finished Goods (or the next department)?

Balance Date Item Debit Credit Debit Credit Nov. 1 Bal., 1,200 units, 60% completed 30 Direct materials, 8,300 units 30 Direct labor 30 Factory overhead 30 Goods transferred, 2 units 30 Bal., 900 units, 70% completed 20,856 124,500 18,950 20,196 145,356 164,306 ? 184,502 The above information concerns production in theForging Department for November. All direct materials are placed in process at the beginning of What is the Direct Materials Cost Per Equvalent Unit? What is the Conversion cost per equivalent unit? What is the cost of the beginning work in process completed during May? What is the cost of the ending work in process? What is the amount of the costs transfered to Finished Goods (or the next department)?

Name: ACCOUNT Work in Process-Forging DepartmentACCOUNT NO.BalanceDateItemD
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Description: ACCOUNT Work in Process-Forging DepartmentACCOUNT NO.BalanceDateItemDebitCreditDebitCreditNov. 1Bal., 1,200 units, 60% completed30 Direct materials, 8,300 units30 Direct labor30 Factory overhead30 Goods transferred, 2 units30 Bal., 900 units, 70% co

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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