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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., 7,000 units, 75% completed 33,425 To Finished Goods, 161,000 units Direct materials, 165,000 units @ $2 330,000 Direct labor 469,200 Factory overhead 182,400 Bal., 2 units, 65% completed Cost per equivalent units of $2.00 for Direct Materials and $4.00 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. %24 1. Cost of beginning work in process inventory completed this period 21,000 X 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

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., 7,000 units, 75% completed 33,425 To Finished Goods, 161,000 units Direct materials, 165,000 units @ $2 330,000 Direct labor 469,200 Factory overhead 182,400 Bal., 2 units, 65% completed Cost per equivalent units of $2.00 for Direct Materials and $4.00 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. %24 1. Cost of beginning work in process inventory completed this period 21,000 X 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

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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eBook Print Item 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., 7,000 units, 75% completed 33,425 To Finished Goods, 161,000 units Direct materials, 165,000 units @ $2 330,000 Direct labor 469,200 Factory overhead 182,400 Bal., 2 units, 65% completed Cost per equivalent units of $2.00 for Direct Materials and $4.00 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 21,000 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.) Did the nnduction nnets chande from.tha nraredIRA 7 PM 2021 %24
Transcribed Image Text:eBook Print Item 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., 7,000 units, 75% completed 33,425 To Finished Goods, 161,000 units Direct materials, 165,000 units @ $2 330,000 Direct labor 469,200 Factory overhead 182,400 Bal., 2 units, 65% completed Cost per equivalent units of $2.00 for Direct Materials and $4.00 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 21,000 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.) Did the nnduction nnets chande from.tha nraredIRA 7 PM 2021 %24
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