EX 17-11 Equivalent units of production and related costs Obj. 2 units The charges to Work in Process-Assembly Department for a period, together with informa- tion concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department IPLATE Bal., 1,600 units, 35% completed Direct materials, 29,000 units @ $9.50 17,440 To Finished Goods, 29,600 units 275,500 Direct labor 84,600 Factory overhead Bal. ? units, 45% completed 39,258 ? Determine the following: A. The number of units in work in process inventory at the end of the period B. Equivalent units of production for direct materials and conversion C. Costs per equivalent unit for direct materials and conversion D. Cost of the units started and completed during the period
EX 17-11 Equivalent units of production and related costs Obj. 2 units The charges to Work in Process-Assembly Department for a period, together with informa- tion concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department IPLATE Bal., 1,600 units, 35% completed Direct materials, 29,000 units @ $9.50 17,440 To Finished Goods, 29,600 units 275,500 Direct labor 84,600 Factory overhead Bal. ? units, 45% completed 39,258 ? Determine the following: A. The number of units in work in process inventory at the end of the period B. Equivalent units of production for direct materials and conversion C. Costs per equivalent unit for direct materials and conversion D. Cost of the units started and completed during the period
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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