Kk.383. The inventory at June 1 and costs charged to Work in Process-Department 60 during June are as follows:3,800 units, 80% completed$59,040Direct materials, 32,000 units368,000Direct labor244,000Factory overhead188,000Total cost to be accounted for$859,040During June, 32,000 units were placed into production and 31,200 units were completed, including those in Inventory on June 1. On June 30, the inventory ofwork in process consisted of 4,600 units that were 40% completed. Inventories are costed by the weighted average method and materials are addedthroughout the process.Determine the following, presenting your computations:a. Equivalent units of productionunitsb. Cost per equivalent unit sper unite. Cost assigned to finished goods completed in the current period sd. Cost assigned to ending work in process inventory at June 30 s

The total cost of producing a product, including raw materials and operating costs, is detailed in a…

The inventory at June 1 and costs charged to Work in Process-Department 60 during June are as follows: 3,800 units, 80% completed Direct materials, 32,000 units Direct labor Factory overhead Total cost to be accounted for During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory c work in process consisted of 4,600 units that were 40% completed. Inventories are costed by the weighted average method and materials are added throughout the process. Determine the following, presenting your computations: a. Equivalent units of production units b. Cost per equivalent unit s per unit c. Cost assigned to finished goods completed in the current period: d. Cost assigned to ending work in process inventory at June 30 s $59,040 368,000 244,000 188,000 $859,040

The inventory at June 1 and costs charged to Work in Process-Department 60 during June are as follows: 3,800 units, 80% completed Direct materials, 32,000 units Direct labor Factory overhead Total cost to be accounted for During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory c work in process consisted of 4,600 units that were 40% completed. Inventories are costed by the weighted average method and materials are added throughout the process. Determine the following, presenting your computations: a. Equivalent units of production units b. Cost per equivalent unit s per unit c. Cost assigned to finished goods completed in the current period: d. Cost assigned to ending work in process inventory at June 30 s $59,040 368,000 244,000 188,000 $859,040

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 17E

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Question

Kk.383.

The inventory at June 1 and costs charged to Work in Process-Department 60 during June are as follows:
3,800 units, 80% completed
$59,040
Direct materials, 32,000 units
368,000
Direct labor
244,000
Factory overhead
188,000
Total cost to be accounted for
$859,040
During June, 32,000 units were placed into production and 31,200 units were completed, including those in Inventory on June 1. On June 30, the inventory of
work in process consisted of 4,600 units that were 40% completed. Inventories are costed by the weighted average method and materials are added
throughout the process.
Determine the following, presenting your computations:
a. Equivalent units of production
units
b. Cost per equivalent unit s
per unit
e. Cost assigned to finished goods completed in the current period s
d. Cost assigned to ending work in process inventory at June 30 s

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