P9-2 The following data were gathered from the books of Jersey Company duhng Units: In process, beginning (30% completed) Finished and transferred Finished and on, hand In Process, end (1/3 completed) 20,000 50,000 10,000 30,000 Costs: P30,000 In process, beginning Cost added this month: Materials 70,000 40,000 Labor Overhead 18,000 Required: Cost of production report

P9-2 The following data were gathered from the books of Jersey Company duhng Units: In process, beginning (30% completed) Finished and transferred Finished and on, hand In Process, end (1/3 completed) 20,000 50,000 10,000 30,000 Costs: P30,000 In process, beginning Cost added this month: Materials 70,000 40,000 Labor Overhead 18,000 Required: Cost of production report

Name: P9-2 The following data were gathered from the books of Jersey Compan
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Description: P9-2 The following data were gathered from the books of Jersey Company during April 2015:Units:In process, beginning (30% completed)Finished and transferredFinished and on handIn Process, end (1/3 completed)20,00050,00010,00030,000Costs: .In process

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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The debits to Work-In process for Dep# 2 for the month of March of the current year, together with the information concerning production, are presented below. All direct materials came from Dep# 1. The units completed include 1,200 in process during the beginning of the period. Dep# 2 uses WA costing
Ocess The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials placed in process at the beginning of production. Work In Process-Assembly Department Bal., 2,000 units, 25% completed 5,100 To Finished Goods, 46,000 units Direct materials, 47,000 units @ $1.7 79,900 Direct labor 126,400 Factory overhead 49,165 Bal., 2 units, 65% completed Cost per equivalent units of $1.70 for Direct Materials and $3.70 for Conversion Costs. a. Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. 24 1. Cost of beginning work in process inventory completed this period %24 2. Cost of units transferred to finished goods during the period %24 3. Cost of ending work in process inventory 4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest $ cent.)
Department G had 2,280 units 25% completed at the beginning of the period, 12,600 units were completed during the period, 1,900 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $32,500 Costs added during period: Direct materials (12,220 units at $8) 97,760 Direct labor 73,800 Factory overhead 24,600 All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of the departmental work in process inventory at the end of the period (round unit cost calculations to four decimal places and round your final answer to the nearest dollar)? a.$17,460 b.$23,677 c.$18,213 d.$15,200
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