евоок Calculator 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., 8,000 units, 40% completed 22,880 To Finished Goods, 184,000 units Direct materials, 188,000 units @ $1.5 282,000 Direct labor 494,400 Factory overhead 192,320 Bal. ? units, 40% completed 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. 2. Cost of units transferred to finished goods during the period. $4 3. Cost of ending work in process inventory. %$4 4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent. b. Did the production costs change from the preceding period? c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain the same for the current period? Previous Next Check My Work 5 more Check My Work uses remaining. %24 %24 %24 %24 ह क
евоок Calculator 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., 8,000 units, 40% completed 22,880 To Finished Goods, 184,000 units Direct materials, 188,000 units @ $1.5 282,000 Direct labor 494,400 Factory overhead 192,320 Bal. ? units, 40% completed 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. 2. Cost of units transferred to finished goods during the period. $4 3. Cost of ending work in process inventory. %$4 4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent. b. Did the production costs change from the preceding period? c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain the same for the current period? Previous Next Check My Work 5 more Check My Work uses remaining. %24 %24 %24 %24 ह क
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:евоок
Calculator
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., 8,000 units, 40% completed
22,880
To Finished Goods, 184,000 units
Direct materials, 188,000 units @ $1.5
282,000
Direct labor
494,400
Factory overhead
192,320
Bal. ? units, 40% completed
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.
2. Cost of units transferred to finished goods during the period.
$4
3. Cost of ending work in process inventory.
%$4
4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest
cent.
b. Did the production costs change from the preceding period?
c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain
the same for the current period?
Previous
Next
Check My Work 5 more Check My Work uses remaining.
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क
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