**Use this Information for the Next Few Questions:**We find the following information for the Welding Department WIP Account of BNSF line. After the Welding Department, the costs will flow into the next WIP department, which is Track Installation. All materials are placed in process at the beginning of the production cycle.**Work In Process – Welding**| Description | Amount ||------------------------------------------|----------|| Beg. Bal: 9,000 Units, 40% complete | $72,360 || Direct Materials: 40,000 units @ $6.80 | $272,000 || Direct Labor | $80,000 || Factory Overhead | $40,450 || Bal. ?? Units, 30% Complete | $??? || To Track WIP Department, 41,500 Units | $?? |**16:** Calculate the Whole Units (Step 1 as we learned it).[Blank space for student response.]**17:** Calculate the Equivalent Units with respect to Material and Conversion Costs.- **Materials:** - **Conversion:**[Blank spaces for student responses.]**18:** Calculate the Cost Per Equivalent Unit for Materials and for Conversion.- **Materials:** - **Conversion:**[Blank spaces for student responses.]

We find the following information for the Welding Department WIP Account of BNSF line. After the Welding Department, the costs will flow into the next WIP department which is Track Installation. All materials are placed in process at the beginning of the production cycle. Work In Process – Welding Beg. Bal: 9,000 Units, 40% complete Direct Materials: 40,000 units @ S6.80 Direct Labor Factory Overhead Bal. ?? Units, 30% Complete S72.360 $272,000 $80,000 $40,450 S??? To Track WIP Department, 41,500 Units S?? 16: Calculate the Whole Units (Step 1 as we learned it). 17: Calculate the Equivalent Units with respect to Material and Conversion Costs Materials: Conversion: 18: Calculate the Cost Per Equivalent Unit for Materials and for Conversion

We find the following information for the Welding Department WIP Account of BNSF line. After the Welding Department, the costs will flow into the next WIP department which is Track Installation. All materials are placed in process at the beginning of the production cycle. Work In Process – Welding Beg. Bal: 9,000 Units, 40% complete Direct Materials: 40,000 units @ S6.80 Direct Labor Factory Overhead Bal. ?? Units, 30% Complete S72.360 $272,000 $80,000 $40,450 S??? To Track WIP Department, 41,500 Units S?? 16: Calculate the Whole Units (Step 1 as we learned it). 17: Calculate the Equivalent Units with respect to Material and Conversion Costs Materials: Conversion: 18: Calculate the Cost Per Equivalent Unit for Materials and for Conversion

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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