Chapter 1.3, Problem 2AYU

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Answer? ? Financial accounting question

Data for the two departments of Gurley Industries for September of the current fiscal year are as follows:   Drawing Department Winding Department Work in process, September 1 4,900 units, 20% completed 3,000 units, 65% completed Completed and transferred to next   processing department during September 67,100 units 66,000 units Work in process, September 30 3,700 units, 55% completed 4,100 units, 20% completed Production begins in the Drawing Department and finishes in the Winding Department. Question Content Area a.  If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for September for the Drawing Department. If an amount is zero, enter in "0". Drawing DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor September Line Item Description Whole Units Direct MaterialsEquivalent Units ConversionEquivalent Units Inventory in process,…

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 Transaction Debit amount Transaction Credit amount Bal., 3,000 units, 45% completed 6,900 To Finished Goods, 69,000 units ? Direct materials, 71,000 units @ $1.4 99,400     Direct labor 106,400     Factory overhead 41,440     Bal., ? units, 55% completed ?     Cost per equivalent units of $1.40 for Direct Materials and $2.10 for Conversion Costs. a.  Based on the above data, determine the different costs listed below. Line Item Description Amount 1.  Cost of beginning work in process inventory completed this period fill in the blank 1 of 4$ 2.  Cost of units transferred to finished goods during the period fill in the blank 2 of 4$ 3.  Cost of ending work in process inventory fill in the blank 3 of 4$ 4.  Cost per unit of…

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