he charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All irect materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 30,000 units, 40% completed Direct materials, 400,000 units @ $11.25 Direct labor Factory overhead Bal., 2 units, 30% completed Cost per equivalent units of $11.25 for Direct Materials and $60.00 for Conversion Costs. a. Based on the above data, determine the different costs listed below. 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period 1,075,500 To Finished Goods, 406,000 units 4,500,000 4,012,000 20,060,000 3. Cost of ending work in process inventory 4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.) b. Did the production costs change from the preceding period? Yes !11! c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit

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 11E: The charges to Work in ProcessAssembly Department for a period, together with information concerning...
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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
1,075,500 To Finished Goods, 406,000 units
4,500,000
4,012,000
20,060,000
Bal., 30,000 units, 40% completed
Direct materials, 400,000 units @ $11.25
Direct labor
Factory overhead
Bal., 2 units, 30% completed
Cost per equivalent units of $11.25 for Direct Materials and $60.00 for Conversion Costs.
a. Based on the above data, determine the different costs listed below.
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
4. Cost per unit of the completed beginning work in process inventory (Rounded to the
nearest cent.)
b. Did the production costs change from the preceding period?
Yes
jOj
c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit
Increase, decrease, or remain the same for the current period?
Decrease
Transcribed Image Text: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 1,075,500 To Finished Goods, 406,000 units 4,500,000 4,012,000 20,060,000 Bal., 30,000 units, 40% completed Direct materials, 400,000 units @ $11.25 Direct labor Factory overhead Bal., 2 units, 30% completed Cost per equivalent units of $11.25 for Direct Materials and $60.00 for Conversion Costs. a. Based on the above data, determine the different costs listed below. 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 4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.) b. Did the production costs change from the preceding period? Yes jOj c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit Increase, decrease, or remain the same for the current period? Decrease
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