Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 750 units, 50% completed 250 units, 30% completed Completed and transferred to next 11,850 units 11,700 units processing department during July Work in process, July 31 600 units, 60% completed 400 units, 20% completed Each department uses the Weighted average method. For each department, assume that direct materials are placed in process during production. a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department. Whole units units Equivalent units of production units b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department. Whole units units Equivalent units of production units

Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 750 units, 50% completed 250 units, 30% completed Completed and transferred to next 11,850 units 11,700 units processing department during July Work in process, July 31 600 units, 60% completed 400 units, 20% completed Each department uses the Weighted average method. For each department, assume that direct materials are placed in process during production. a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department. Whole units units Equivalent units of production units b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department. Whole units units Equivalent units of production units

Name: Units of production data for the two departments of Atlantic Cable an
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Description: Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows:Drawing DepartmentWinding DepartmentWork in process, July 1750 units, 50% completed250 units, 30% completedComplet

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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