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 45,760 To Finished Goods, 119,400 units 725,000 145,160 Bal., 6,400 units, 40% completed Direct materials, 116,000 units @ $6.25 Direct labor Factory overhead Bal. ? units, 25% completed Determine the following: 90,020 a. The number of units in work in process inventory at the end of the period. 3,000 units Feedback ►Check My Work b. Equivalent units of production for direct materials and conversion. If an amount box does not require an entry, leave it blank. Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Equivalent Whole Units Units Equivalent Direct Units Materials Conversion Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending Total units c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent. Direct Materials Conversion Costs Per Equivalent Unit 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 45,760 To Finished Goods, 119,400 units 725,000 145,160 Bal., 6,400 units, 40% completed Direct materials, 116,000 units @ $6.25 Direct labor Factory overhead Bal. ? units, 25% completed Determine the following: 90,020 a. The number of units in work in process inventory at the end of the period. 3,000 units Feedback ►Check My Work b. Equivalent units of production for direct materials and conversion. If an amount box does not require an entry, leave it blank. Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Equivalent Whole Units Units Equivalent Direct Units Materials Conversion Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending Total units c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent. Direct Materials Conversion Costs Per Equivalent Unit d. Cost of the units started and completed during the period.
Chapter1: Financial Statements And Business Decisions
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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
45,760 To Finished Goods, 119,400 units
725,000
145,160
Bal., 6,400 units, 40% completed
Direct materials, 116,000 units @ $6.25
Direct labor
Factory overhead
Bal. ? units, 25% completed
Determine the following:
90,020
a. The number of units in work in process inventory at the end of the period.
3,000
units
Feedback
►Check My Work
b. Equivalent units of production for direct materials and conversion. If an amount box does not require an entry, leave it blank.
Work in Process-Assembly Department
Equivalent Units of Production for Direct Materials and
Conversion Costs
Equivalent
Whole
Units
Units Equivalent
Direct
Units
Materials Conversion
Inventory in process, beginning
Started and completed
Transferred to finished goods
Inventory in process, ending
Total units
c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.
Direct Materials
Conversion
Costs Per Equivalent Unit
d. Cost of the units started and completed during the period.
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