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, 45% completed 13,800 To Finished Goods, 138,000 units ? Direct materials, 141,000 units @ $1.4 197,400     Direct labor 207,300     Factory overhead 80,610     Bal. ? units, 20% completed ?       a.  Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. 1.  Cost of beginning work in process inventory completed this period. $fill in the blank 1 2.  Cost of units transferred to finished goods during the period. $fill in the blank 2 3.  Cost of ending work in process inventory. $fill in the blank 3 4.  Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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, 45% completed 13,800 To Finished Goods, 138,000 units ?
Direct materials, 141,000 units @ $1.4 197,400    
Direct labor 207,300    
Factory overhead 80,610    
Bal. ? units, 20% completed ?    

 

a.  Based on the above data, determine the different costs listed below.

If required, round your interim calculations to two decimal places.

1.  Cost of beginning work in process inventory completed this period. $fill in the blank 1
2.  Cost of units transferred to finished goods during the period. $fill in the blank 2
3.  Cost of ending work in process inventory. $fill in the blank 3
4.  Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent.
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