EX 17-11 Equivalent units of production and related costs Obj. 2 units The charges to Work in Process-Assembly Department for a period, together with informa- tion concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department IPLATE Bal., 1,600 units, 35% completed Direct materials, 29,000 units @ $9.50 17,440 To Finished Goods, 29,600 units 275,500 Direct labor 84,600 Factory overhead Bal. ? units, 45% completed 39,258 ? Determine the following: A. The number of units in work in process inventory at the end of the period B. Equivalent units of production for direct materials and conversion C. Costs per equivalent unit for direct materials and conversion D. Cost of the units started and completed during the period

EX 17-11 Equivalent units of production and related costs Obj. 2 units The charges to Work in Process-Assembly Department for a period, together with informa- tion concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department IPLATE Bal., 1,600 units, 35% completed Direct materials, 29,000 units @ $9.50 17,440 To Finished Goods, 29,600 units 275,500 Direct labor 84,600 Factory overhead Bal. ? units, 45% completed 39,258 ? Determine the following: A. The number of units in work in process inventory at the end of the period B. Equivalent units of production for direct materials and conversion C. Costs per equivalent unit for direct materials and conversion D. Cost of the units started and completed during the period

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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