4. Department B (the final production process) had 3,000 units in Work in Process that was 25% completed at the beginning of the period at a cost of $12,500. 13,700 units of direct materials were added during the period at a cost of $28,770. 15,000 units were completed during the period, and 1,700 units were 95% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $15,145. a) Determine the equivalent units for Direct Material and for Conversion Costs. b) What is the total cost of the items completed and transferred out? c) Provide the journal entry for the items transferred out.

4. Department B (the final production process) had 3,000 units in Work in Process that was 25% completed at the beginning of the period at a cost of $12,500. 13,700 units of direct materials were added during the period at a cost of $28,770. 15,000 units were completed during the period, and 1,700 units were 95% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $15,145. a) Determine the equivalent units for Direct Material and for Conversion Costs. b) What is the total cost of the items completed and transferred out? c) Provide the journal entry for the items transferred out.

Name: 4. Department B (the final production process) had 3,000 units in Wor
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Description: 4. Department B (the final production process) had 3,000 units in Work in Process that was 25%completed at the beginning of the period at a cost of $12,500. 13,700 units of direct materials wereadded during the period at a cost of $28,770. 15,000 un

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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