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 production, Work in Process-Assembly Department 1,075,500 to Finished Goods, 405,000 units 4,500,000 4,012,000 20,000,000 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.) D. Did the production costs change from the preceding period? 0000 Assuming that the direct materials cost per unit did not change from the preceding penod, did the conversion costs per equivalent unt increase, decrease, or remain the same for the current 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 10E: Costs per equivalent unit Georgia Products Inc. completed and transferred 89,000 particle board...
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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.
Bal., 30,000 units, 40% completed
Direct materials, 400,000 units $11.25
Direct labor
Factory overhead
1,075,500 to Finished Goods, 405,000 units
4,500,000
4,012,000
20,060,000
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 periodi
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?
e. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unt increase, decrease, or remain the same for the current
period?
Transcribed Image Text: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. Bal., 30,000 units, 40% completed Direct materials, 400,000 units $11.25 Direct labor Factory overhead 1,075,500 to Finished Goods, 405,000 units 4,500,000 4,012,000 20,060,000 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 periodi 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? e. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unt increase, decrease, or remain the same for the current period?
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