iCell produces cellular phones in large quantities. For simplicity, asasume that the compzny has two departments, assembly and testing. The manufacturing costs in the assembly department during February wer as follows: Direct materials added $73,600 Conversion costs Direct Labor $59,000 Factory overhead 54,400 113,400 Assembly costs to account for $187,000 There was no beginning inventory of such work in process. Suppose work on 23,000 phones was befun in the assembly department during February, but only 20,000 phones were fully completed. All the parts had been made or placed in process, but only a third of the conversion costs had been completed for each of the phones still in process. 1. Compute the equivalent units and unit costs for February. 2.Compute the costs of units completed and transferred tot he testing department. Also, compute the cost of the ending work in process.
iCell produces cellular phones in large quantities. For simplicity, asasume that the compzny has two departments, assembly and testing. The
Direct materials added $73,600
Conversion costs
Direct Labor $59,000
Factory
Assembly costs to account for $187,000
There was no beginning inventory of such work in process. Suppose work on 23,000 phones was befun in the assembly department during February, but only 20,000 phones were fully completed. All the parts had been made or placed in process, but only a third of the conversion costs had been completed for each of the phones still in process.
1. Compute the equivalent units and unit costs for February.
2.Compute the costs of units completed and transferred tot he testing department. Also, compute the cost of the ending work in process.
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