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The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direc materials are placed in process at the beginning of production. Work in Process-Assembly Department 16,200 211,500 437,000 169,945 Bal., 6,000 units, 30% completed To Finished Goods, 138,000 units Direct materials, 141,000 units @ $1.5 Direct labor Factory overhead Bal. ? units, 55% completed

The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direc materials are placed in process at the beginning of production. Work in Process-Assembly Department 16,200 211,500 437,000 169,945 Bal., 6,000 units, 30% completed To Finished Goods, 138,000 units Direct materials, 141,000 units @ $1.5 Direct labor Factory overhead Bal. ? units, 55% completed

FINANCIAL ACCOUNTING
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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Equivalent Units of Production and Related Costs The 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 of production. Work in Process-Assembly Department Bal., 6,000 units, 30% completed 16,200 To Finished Goods, 138,000 units ? Direct materials, 141,000 units @ $1.5 211,500 Direct labor 437,000 Factory overhead 169,945 Bal. 2 units, 55% completed Determine the following: a. The number of units in work in process inventory at the end of the period. 9,000 units b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Inventory in process, beginning 6,000 4,200 Started and completed 132,000 132,000 132,000 Transferred to finished goods 138,000 132,000 136,200 Inventory in process, ending 9,000 9,000 4,950 Total units 147,000 141,000 141.150 c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent. Costs Per Equivalent Unit Direct 1.5 Materials Conversion $ 4.3 d. Cost of the units started and completed during the period. $ 765,600
Transcribed Image Text:Equivalent Units of Production and Related Costs The 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 of production. Work in Process-Assembly Department Bal., 6,000 units, 30% completed 16,200 To Finished Goods, 138,000 units ? Direct materials, 141,000 units @ $1.5 211,500 Direct labor 437,000 Factory overhead 169,945 Bal. 2 units, 55% completed Determine the following: a. The number of units in work in process inventory at the end of the period. 9,000 units b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Inventory in process, beginning 6,000 4,200 Started and completed 132,000 132,000 132,000 Transferred to finished goods 138,000 132,000 136,200 Inventory in process, ending 9,000 9,000 4,950 Total units 147,000 141,000 141.150 c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent. Costs Per Equivalent Unit Direct 1.5 Materials Conversion $ 4.3 d. Cost of the units started and completed during the period. $ 765,600
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