Mm.137. Data concerning a recent period's activity in the Assembly Department, the first processing department in a company that uses theFIFO method in its process costing, appear below:Cost of work in process inventory at the beginning of the periodEquivalent units in the ending work in process inventoryEquivalent units required to complete the beginning work in process inventoryCost per equivalent unit for the period1. Cost of ending work in process inventory2. Cost of the units transferred to the next departmentMaterials$ 2,900450690$ 1.90A total of 26,600 units were completed and transferred to the next processing department during the period. Beginning work inprocess inventory consisted of 1,900 units and ending work in process inventory consisted of 1,800 units.Materials ConversionConversion$ 590200Required:1. Compute the Assembly Department's cost of ending work in process inventory for materials, conversion, and in total for the period.2. Compute the Assembly Department's cost of units transferred out to the next department for materials, conversion, and in total forthe period.Total1,220$ 0.50

Name: Mm.137. Data concerning a recent period's activity in the Assembly Dep
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Description: Mm.137. Data concerning a recent period's activity in the Assembly Department, the first processing department in a company that uses theFIFO method in its process costing, appear below:Cost of work in process inventory at the beginning of the period

Direct material cost is the cost of raw material produced or purchased for producing the final…

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Data concerning a recent period's activity in the Assembly Department, the first processing department in a company that uses the FIFO method in its process costing, appear below: Cost of work in process inventory at the beginning of the period Equivalent units in the ending work in process inventory Equivalent units required to complete the beginning work in process inventory Cost per equivalent unit for the period A total of 26,600 units were completed and transferred to the next processing department during the period. Beginning work in process inventory consisted of 1,900 units and ending work in process inventory consisted of 1,800 units. 1. Cost of ending work in process inventory 2. Cost of the units transferred to the next department Required: 1. Compute the Assembly Department's cost of ending work in process inventory for materials, conversion, and in total for the period. 2. Compute the Assembly Department's cost of units transferred out to the next department for materials, conversion, and in total for the period. Materials Materials $ 2,900 450 690 $ 1.90 Conversion Conversion $ 590 200 1,220 $ 0.50 Total

Data concerning a recent period's activity in the Assembly Department, the first processing department in a company that uses the FIFO method in its process costing, appear below: Cost of work in process inventory at the beginning of the period Equivalent units in the ending work in process inventory Equivalent units required to complete the beginning work in process inventory Cost per equivalent unit for the period A total of 26,600 units were completed and transferred to the next processing department during the period. Beginning work in process inventory consisted of 1,900 units and ending work in process inventory consisted of 1,800 units. 1. Cost of ending work in process inventory 2. Cost of the units transferred to the next department Required: 1. Compute the Assembly Department's cost of ending work in process inventory for materials, conversion, and in total for the period. 2. Compute the Assembly Department's cost of units transferred out to the next department for materials, conversion, and in total for the period. Materials Materials $ 2,900 450 690 $ 1.90 Conversion Conversion $ 590 200 1,220 $ 0.50 Total

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 12E: a. Based on the data in Exercise 17-11, determine the following: 1. Cost of beginning work in...

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