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., 6,000 units, 55% completed 15,000 To Finished Goods, 138,000 units ? Direct materials, 141,000 units @ $1.4 197,400     Direct labor 207,100     Factory overhead 80,495     Bal., ? units, 25% completed ?     Cost per equivalent units of $1.40 for Direct Materials and $2.10 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 $fill in the blank 1 2.  Cost of units transferred to finished goods during the period $fill in the blank 2 3.  Cost of ending work in process inventory $17,325 4.  Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.) $3.45

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 15E: Kenkel, Ltd. uses backflush costing to account for its manufacturing costs. The trigger points are...
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Answer 1 and 2 please. 
The other person that answered it got it wrong. Will this cost me another question or do I get credit for it? The person answered it as $5,670 for question 1 and $467,670 for question 2 but it is wrong. 

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
Bal., 6,000 units, 55% completed 15,000 To Finished Goods, 138,000 units ?
Direct materials, 141,000 units @ $1.4 197,400    
Direct labor 207,100    
Factory overhead 80,495    
Bal., ? units, 25% completed ?    

Cost per equivalent units of $1.40 for Direct Materials and $2.10 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 $fill in the blank 1
2.  Cost of units transferred to finished goods during the period $fill in the blank 2
3.  Cost of ending work in process inventory $17,325
4.  Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.) $3.45

 

 
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