Equivalent Units of Production and Related Costs 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., 5,000 units, 70% completed Direct materials, 118,000 units @ $1.60 Direct labor Factory overhead Bal., 2 units, 40% completed 19,550 To Finished Goods, 115,000 units 188,800 297,300 115,620 Determine the following: a. The number of units in work in process inventory at the end of the period. ?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.
Costs Per Equivalent Unit
Direct Materials
Conversion
$
d. Cost of the units started and completed during the period.
Transcribed Image Text:c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent. Costs Per Equivalent Unit Direct Materials Conversion $ d. Cost of the units started and completed during the period.
Equivalent Units of Production and Related Costs
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., 5,000 units, 70% completed
Direct materials, 118,000 units @
$1.60
Direct labor
Factory overhead
Bal., 2 units, 40% completed
Determine the following:
a. The number of units in work in process inventory at the end of the period.
units
19,550 To Finished Goods, 115,000 units
188,800
Inventory in process, beginning
Started and completed
Transferred to finished goods
Inventory in process, ending
Total units
297,300
115,620
b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".
Work in Process-Assembly Department
Equivalent Units of Production for Direct Materials and Conversion Costs
?
Whole Equivalent Units Equivalent Units
Units
Direct Materials
Conversion
Transcribed Image Text:Equivalent Units of Production and Related Costs 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., 5,000 units, 70% completed Direct materials, 118,000 units @ $1.60 Direct labor Factory overhead Bal., 2 units, 40% completed Determine the following: a. The number of units in work in process inventory at the end of the period. units 19,550 To Finished Goods, 115,000 units 188,800 Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending Total units 297,300 115,620 b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs ? Whole Equivalent Units Equivalent Units Units Direct Materials Conversion
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