Chapter 17 HomeworkeBookThe 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 ofproduction.Work In Process-Assembly DepartmentBal., 9,000 units, 60% completed28,440 To Finished Goods, 207,000 unitsDirect materials, 212,000 units @275,600$1.3Direct labor505,600Factory overhead196,640Bal., 2 units, 80% completedCost per equivalent units of $1.30 for Direct Materials and $3.30 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.241. Cost of beginning work in process inventory completed this period$42. Cost of units transferred to finished goods during the period$3. Cost of ending work in process inventory4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest$cent.)

The question is based on the concept of Cost Accounting. As per Bartleby guidelines we are allowed…

The charges to Work in Process-As production. Bal., 9,000 units, 60% completed Direct materials, 212,000 units @ $1.3 Direct labor Factory overhead Bal., 2 units, 80% completed Cost per equivalent units of $1.30 f a. Based on the above data, detern If required, round your Interim 1. Cost of beginning work in proCE 2. Cost of units transferred to finis 3. Cost of ending work in process 4. Cost per unit of the completed cent.)

The charges to Work in Process-As production. Bal., 9,000 units, 60% completed Direct materials, 212,000 units @ $1.3 Direct labor Factory overhead Bal., 2 units, 80% completed Cost per equivalent units of $1.30 f a. Based on the above data, detern If required, round your Interim 1. Cost of beginning work in proCE 2. Cost of units transferred to finis 3. Cost of ending work in process 4. Cost per unit of the completed cent.)

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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Havana Hats makes the world's best hats. Information for the last eight months follows: Month January February March April May June July August Number of Hats Produced 8,000 4,500 7,000 8,600 3,750 6,000 3,000 5,000 Variable cost per unit Total fixed cost Total Cost $ 7,000 5,000 6,250 7,750 5,000 6,250 4,250 5,750 Required: Using the high-low method, calculate the variable cost per hat and total fixed cost per month. Note: Round your "Variable cost per unit" answer to 3 decimal places.
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COST ACCOUNTING - Process costing. Compute for the equivalent production of the following cases using the average method.
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