N1.Account The following production data were taken from the records of the Finishing Department for June:Inventory in process, June 1 (30% completed)6,000 unitsCompleted units during June62,700 unitsEnding inventory (62% complete)3,900 unitsThe number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to costinventories and materials were added at the beginning of the process, isO 3,900 unitsOh 60,600 unitsO 56,700 unitsDepartment G had 1,800 units 25% completed at the beginning of the period, 13,900 units were completed during the period; 1,500 units were 20% completed at theend of the period, and the following manufacturing costs were debited to the departmental work in process account during the period:$28,800Work in process, beginning of periodCosts added during period:Direct materials (13,600 units at $8)108,800Direct labor77,40025,800Factory overheadAll direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of the units startedand completed during the period (do not round unit cost calculations)$205,779$187,616596,800$169,453 Department G had 1,800 units 25% completed at the beginning of the period, 13,500 units were completed during the period, 1,500 units were 20% completed at theend of the period, and the following manufacturing costs were debited to the departmental work in process account during the period:$34,300Work in process, beginning of periodCosts added during period:105,60079,80026,600All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of 1,800 units ofbeginning inventory which were completed during the period is (do not round unit cost calculations)Direct materials (13,200 units at $8)Direct laborFactory overheadO $42.908$46,340$45,060Ⓒ$34,300

Name: N1.Account The following production data were taken from the records o
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Description: N1.Account The following production data were taken from the records of the Finishing Department for June:Inventory in process, June 1 (30% completed)6,000 unitsCompleted units during June62,700 unitsEnding inventory (62% complete)3,900 unitsThe numb

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The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (30% completed) 6,000 units Completed units during June 62,700 units Ending inventory (62% complete) 3,900 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process, is O 56,700

The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (30% completed) 6,000 units Completed units during June 62,700 units Ending inventory (62% complete) 3,900 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process, is O 56,700

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 7E: The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units...

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