Equivalent Units of Production and Related CostsThe 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 DepartmentBal., 7,000 units, 25% completedDirect materials, 165,000 units @ $1.70Direct laborFactory overheadBal., 2 units, 80% completedDetermine the following:a. The number of units in work in process inventory at the end of the period.unitsLine Item DescriptionInventory in process, beginningStarted and completedTransferred to finished goodsInventory in process, endingb. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".Work in Process-Assembly DepartmentEquivalent Units of Production for Direct Materials andConversion CostsTotal units16,625 To Finished Goods, 161,000 units280,500350,900136,445Direct MaterialsConversionEquivalentUnitsEquivalentWhole DirectUnitsUnits Materials Conversionc. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.Costs Per Equivalent Unit?d. Cost of the units started and completed during the period.$

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Description: Equivalent Units of Production and Related CostsThe 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 producti

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uivalent Units of Production and Related Costs e 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 pro Work in Process-Assembly Department I., 7,000 units, 25% completed ect materials, 165,000 units @ $1.70 rect labor ctory overhead I., 2 units, 80% completed etermine the following: The number of units in work in process inventory at the end of the period. units 16,625 To Finished Goods, 161,000 units 280,500 ine Item Description ventory in process, beginning tarted and completed ansferred to finished goods nventory in process, ending Total units 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 350,900 136,445 irect Materials conversion Equivalent Units Equivalent Whole Direct Units Units Materials Conversion Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent. Costs Per Equivalent Unit Cost of the units started and completed during the period.

uivalent Units of Production and Related Costs e 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 pro Work in Process-Assembly Department I., 7,000 units, 25% completed ect materials, 165,000 units @ $1.70 rect labor ctory overhead I., 2 units, 80% completed etermine the following: The number of units in work in process inventory at the end of the period. units 16,625 To Finished Goods, 161,000 units 280,500 ine Item Description ventory in process, beginning tarted and completed ansferred to finished goods nventory in process, ending Total units 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 350,900 136,445 irect Materials conversion Equivalent Units Equivalent Whole Direct Units Units Materials Conversion Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent. Costs Per Equivalent Unit Cost of the units started and completed during the period.

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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