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 direc materials are placed in process at the beginning of production. Bal., 2,000 units, 65% completed Direct materials, 47,000 units @ $1.7 Direct labor Factory overhead Bal., ? units, 45% completed Work in Process-Assembly Department 8,470 To Finished Goods, 46,000 units 79,900 139,300 54,110 Cost per equivalent units of $1.70 for Direct Materials and $4.20 for Conversion Costs. a. Based on the above data, determine the different costs listed below. 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.) 0000

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 7E: The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units...
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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 direc
materials are placed in process at the beginning of production.
Bal., 2,000 units, 65% completed
Direct materials, 47,000 units @ $1.7
Direct labor
Factory overhead
Bal., ? units, 45% completed
Work in Process-Assembly Department
8,470 To Finished Goods, 46,000 units
79,900
139,300
54,110
Cost per equivalent units of $1.70 for Direct Materials and $4.20 for Conversion Costs.
a. Based on the above data, determine the different costs listed below.
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.)
0000
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 direc materials are placed in process at the beginning of production. Bal., 2,000 units, 65% completed Direct materials, 47,000 units @ $1.7 Direct labor Factory overhead Bal., ? units, 45% completed Work in Process-Assembly Department 8,470 To Finished Goods, 46,000 units 79,900 139,300 54,110 Cost per equivalent units of $1.70 for Direct Materials and $4.20 for Conversion Costs. a. Based on the above data, determine the different costs listed below. 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.) 0000
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