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B. Inventory in process, Beginning (35% completed) Started and completed Transferred to Packing Dept Inventory in process, Ending (60% completed) Total Whole Units Equivalent Units Direct Materials Conversion

B. Inventory in process, Beginning (35% completed) Started and completed Transferred to Packing Dept Inventory in process, Ending (60% completed) Total Whole Units Equivalent Units Direct Materials Conversion

FINANCIAL ACCOUNTING
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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EX 3-5 A B. Inventory in process, Beginning (35% completed) Started and completed Transferred to Packing Dept Inventory in process, Ending (60% completed) Total Show Transcribed Text cost per equivalent unit is $2.70 Whole Units Equivalent Units Direct Materials. Conversion
Transcribed Image Text:EX 3-5 A B. Inventory in process, Beginning (35% completed) Started and completed Transferred to Packing Dept Inventory in process, Ending (60% completed) Total Show Transcribed Text cost per equivalent unit is $2.70 Whole Units Equivalent Units Direct Materials. Conversion
ACCOUNT Work in Process-Roasting Department Date Dec. 1 31 31 31 31 31 Item Bal., 10,500 units, 75% completed Direct materials, 210,400 units. Direct labor Factory overhead Goods transferred, 208,900 units Bal., 2 units, 25% completed Debit 246,800 135,700 168,630 Credit 2 ACCOUNT NO. Balance: Debit 21,000 267,800 403,500 572,130 Credit
Transcribed Image Text:ACCOUNT Work in Process-Roasting Department Date Dec. 1 31 31 31 31 31 Item Bal., 10,500 units, 75% completed Direct materials, 210,400 units. Direct labor Factory overhead Goods transferred, 208,900 units Bal., 2 units, 25% completed Debit 246,800 135,700 168,630 Credit 2 ACCOUNT NO. Balance: Debit 21,000 267,800 403,500 572,130 Credit
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