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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., 5,000 units, 25% completed Direct materials, 118,000 units @ $1.60 Direct labor Factory overhead Bal., 2 units, 50% completed Determine the following: a. The number of units in work in process inventory at the end of the period. 12,625 To Finished Goods, 115,000 units 188,800 339,100 131,900

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., 5,000 units, 25% completed Direct materials, 118,000 units @ $1.60 Direct labor Factory overhead Bal., 2 units, 50% completed Determine the following: a. The number of units in work in process inventory at the end of the period. 12,625 To Finished Goods, 115,000 units 188,800 339,100 131,900

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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Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending Total units Whole Equivalent Units Equivalent Units Units Direct Materials Conversion c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent. Costs Per Equivalent Unit Direct Materials Conversion d. Cost of the units started and completed during the period.
Transcribed Image Text:Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending Total units Whole Equivalent Units Equivalent Units Units Direct Materials Conversion c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent. Costs Per Equivalent Unit Direct Materials Conversion d. Cost of the units started and completed during the period.
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., 5,000 units, 25% completed Direct materials, 118,000 units @ $1.60 Direct labor Factory overhead Bal., 2 units, 50% completed Determine the following: a. The number of units in work in process inventory at the end of the period. units 12,625 To Finished Goods, 115,000 units 188,800 339,100 131,900 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
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., 5,000 units, 25% completed Direct materials, 118,000 units @ $1.60 Direct labor Factory overhead Bal., 2 units, 50% completed Determine the following: a. The number of units in work in process inventory at the end of the period. units 12,625 To Finished Goods, 115,000 units 188,800 339,100 131,900 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
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