Ling Company has two departments, Assembly and Finishing. Consider the following data for the Assembly Department: Beginning work in process Started during the month. Completed during the month Ending work in process Costs added during month Units 3,300 19,300 16,300 6,300 Direct Direct X Complete Material Labor Overhead 90% b. Calculate the cost per equivalent unit. Note: Round your answer to 4 decimal places. 60% $13,000 $8,050 $4,310 a. Compute the number of total equivalent units for the Assembly Department. Ling uses the weighted average method to determine equivalent units. a. Equivalent units b. Cost per equivalent unit c. Costs transferred out d. Ending inventory cost c. Compute the amount of costs that should be transferred to the Finishing Department. Note: Round your answer to the nearest cent. d. Compute the amount of costs that should be assigned to the 6,300 units in ending inventory. Note: Round your answer to the nearest cent. Total $2,735 per unit $25,360

Ling Company has two departments, Assembly and Finishing. Consider the following data for the Assembly Department: Beginning work in process Started during the month. Completed during the month Ending work in process Costs added during month Units 3,300 19,300 16,300 6,300 Direct Direct X Complete Material Labor Overhead 90% b. Calculate the cost per equivalent unit. Note: Round your answer to 4 decimal places. 60% $13,000 $8,050 $4,310 a. Compute the number of total equivalent units for the Assembly Department. Ling uses the weighted average method to determine equivalent units. a. Equivalent units b. Cost per equivalent unit c. Costs transferred out d. Ending inventory cost c. Compute the amount of costs that should be transferred to the Finishing Department. Note: Round your answer to the nearest cent. d. Compute the amount of costs that should be assigned to the 6,300 units in ending inventory. Note: Round your answer to the nearest cent. Total $2,735 per unit $25,360

Name: Ling Company has two departments, Assembly and Finishing. Consider th
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Description: Ling Company has two departments, Assembly and Finishing. Consider the following data for the Assembly DepartmentBeginning work in processStarted during the monthCompleted during the monthEnding work in processCosts added during monthUnits3,30019,30

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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