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Equivalent units of production and related costs 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., 1,600 units. 35% completed 17,440 To Finished Goods. 29,600 units ? Direct materials, 29,000 units & $9.50 275,500 Direct labor 84,600 Factory overhead 39,258 Bal. ? Units. 45% completed ? 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

BuyFind

Accounting

27th Edition
WARREN + 5 others
Publisher: Cengage Learning,
ISBN: 9781337272094
BuyFind

Accounting

27th Edition
WARREN + 5 others
Publisher: Cengage Learning,
ISBN: 9781337272094

Solutions

Chapter
Section
Chapter 20, Problem 20.11EX
Textbook Problem

Equivalent units of production and related costs

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., 1,600 units. 35% completed 17,440 To Finished Goods. 29,600 units ?
Direct materials, 29,000 units & $9.50 275,500  
Direct labor 84,600  
Factory overhead 39,258  
Bal. ? Units. 45% completed ?  

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

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Chapter 20 Solutions

Accounting
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