Cost of Units Completed and in ProcessThe charges to Work in Process—Assembly Department for...

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Accounting

Cost of Units Completed and 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 ofproduction.
Work in Process—AssemblyDepartment
Bal., 4,000 units, 25% completed 9,800 To Finished Goods, 92,000 units ?
Direct materials, 94,000 units @ $1.6 150,400
Direct labor 251,200
Factory overhead 97,710
Bal., ? units, 55% completed ?
Cost per equivalent units of $1.60 for Direct Materials and$3.70 for Conversion Costs.
a. Based on the above data, determine thedifferent costs listed below.
If required, round your interim calculations to twodecimal places.
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.) $
b. Did the production costs change from thepreceding period?
c. Assuming that the direct materials cost perunit did not change from the preceding period, did the conversioncosts per equivalent unit increase, decrease, or remain the samefor the current period?

Work in Process—AssemblyDepartment
Bal., 4,000 units, 25% completed	9,800	To Finished Goods, 92,000 units	?
Direct materials, 94,000 units @ $1.6	150,400
Direct labor	251,200
Factory overhead	97,710
Bal., ? units, 55% completed	?

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In: AccountingCost of Units Completed and in ProcessThe charges to Work in Process—Assembly Department for a...Cost of Units Completed and in ProcessThe 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 ofproduction.Work in Process—AssemblyDepartmentBal., 4,000 units, 25% completed9,800To Finished Goods, 92,000 units?Direct materials, 94,000 units @ $1.6150,400Direct labor251,200Factory overhead97,710Bal., ? units, 55% completed?Cost per equivalent units of $1.60 for Direct Materials and$3.70 for Conversion Costs.a. Based on the above data, determine thedifferent costs listed below.If required, round your interim calculations to twodecimal places.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$4. Cost per unit of the completed beginning work in processinventory (Rounded to the nearest cent.)$b. Did the production costs change from thepreceding period?c. Assuming that the direct materials cost perunit did not change from the preceding period, did the conversioncosts per equivalent unit increase, decrease, or remain the samefor the current period?

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.)	$