12. EX.17-12.ALGO Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for...

Work inProcess—Assembly Department
Bal., 3,000 units, 50%completed	7,350	To Finished Goods,69,000 units	?
Direct materials,71,000 units @ $1.3	92,300
Direct labor	126,000
Factory overhead	49,000
Bal. ? units, 50%completed	?

3.9 Ratings (791 Votes)

Requriement 1
Cost of beginning working in process inventory completed this period
3000 units 50 % of conversion costs = 30002.5 50% = 3750

Requriement 2
Cost of units transferred to finished goods this period
	Units	Cost
Beginning work in process inventory	3000	7350
Beginning inventory completed this period (30002.550%)		3750
Units introduced and transferred (69000 -3000)	66000
Direct Materials (66,000*1.3)		85800
Conversion costs (66,000*2.5)		165000
Total cost of transferred fininshed goods	69000	261900

Requriement 3
Cost of ending work in process inventory
	Units	Cost
Ending work in process inventory (3000+71000-69000)	5000
Direct Materials (5,000*1.3)		6500
Conversion costs (5,0002.550%)		6250
Cost of ending work in process inventory		12750

Requriement 4
	Units	Cost
Beginning work in process inventory	3000	7350
Beginning inventory completed this period (30002.550%)		3750
Total cost of beginning work in process inventory		11100
Cost per unit of the completed beginning work in process inventory		3.70
(11,100/3,000)

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1. Cost of beginning work in process inventory completed thisperiod.	$
2. Cost of units transferred to finished goods during theperiod.	$
3. Cost of ending work in process inventory.	$
4. Cost per unit of the completed beginning work in processinventory, rounded to the nearest cent.

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