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 materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 2,000 units, 35% completed 5,440 75,200 To Finished Goods, 46,000 Direct materials, 47,000 units @ $1.6 Direct labor 114,200 Factory overhead 44,410 Bal. ? units, 45% completed
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 materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 2,000 units, 35% completed 5,440 75,200 To Finished Goods, 46,000 Direct materials, 47,000 units @ $1.6 Direct labor 114,200 Factory overhead 44,410 Bal. ? units, 45% completed
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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 materials are placed in process at the
beginning of production.
Work in Process-Assembly Department
Bal., 2,000 units, 35% completed
To Finished Goods, 46,000
5,440
75,200
Direct materials, 47,000 units @ $1.6
Direct labor
114,200
44,410
Factory overhead
Bal. ? units, 45% completed](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b25dda4-3b1e-4b53-b423-003310ecd14a%2Fbca4002d-4c59-4561-9602-ced1463b5c2e%2F7qfh6n_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 materials are placed in process at the
beginning of production.
Work in Process-Assembly Department
Bal., 2,000 units, 35% completed
To Finished Goods, 46,000
5,440
75,200
Direct materials, 47,000 units @ $1.6
Direct labor
114,200
44,410
Factory overhead
Bal. ? units, 45% completed
![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.
4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest
cent](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b25dda4-3b1e-4b53-b423-003310ecd14a%2Fbca4002d-4c59-4561-9602-ced1463b5c2e%2Fkklm1g_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.
4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest
cent
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