Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department 13,600 To Finished Goods, 92,000 units 169,200 228,400 Bal., 4,000 units, 50% completed Direct materials, 94,000 units @ $1.8 Direct labor Factory overhead 88,820 Bal., ? units, 55% completed Cost per equivalent units of $1.80 for Direct Materials and $3.40 for Conversion Costs. a. Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period 3. Cost of ending work in process inventory
Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department 13,600 To Finished Goods, 92,000 units 169,200 228,400 Bal., 4,000 units, 50% completed Direct materials, 94,000 units @ $1.8 Direct labor Factory overhead 88,820 Bal., ? units, 55% completed Cost per equivalent units of $1.80 for Direct Materials and $3.40 for Conversion Costs. a. Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period 3. Cost of ending work in process inventory
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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