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 mate placed in process at the beginning of production. Work in Process-Assembly Department Bal., 8,000 units, 65% completed 28,360 To Finished Goods, 184,000 units ? Direct materials, 188,000 units @ 263,200 $1.4 Direct labor 479,000 Factory overhead 186,280 Bal., ? units, 50% completed Cost per equivalent units of $1.40 for Direct Materials and $3.60 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 $ 2. Cost of units transferred to finished goods during the period $ 3. Cost of ending work in process inventory

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 mate placed in process at the beginning of production. Work in Process-Assembly Department Bal., 8,000 units, 65% completed 28,360 To Finished Goods, 184,000 units ? Direct materials, 188,000 units @ 263,200 $1.4 Direct labor 479,000 Factory overhead 186,280 Bal., ? units, 50% completed Cost per equivalent units of $1.40 for Direct Materials and $3.60 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 $ 2. Cost of units transferred to finished goods during the period $ 3. Cost of ending work in process inventory

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Description: Cost of Units Completed and in ProcessThe charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials areplaced in process at the beginning of production.Work in

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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