Equivalent Units of Production and Related Costs The charges to Work in ProcessAssembly Department for...
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Accounting
Equivalent Units of Production and Related Costs
The charges to Work in ProcessAssembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.
Transaction
Debit amount
Transaction
Credit amount
Bal., 7,000 units, 25% completed
14,700
To Finished Goods, 161,000 units
?
Direct materials, 165,000 units @ $1.30
214,500
Direct labor
399,300
Factory overhead
155,240
Bal., ? units, 35% completed
?
Question Content Area
Determine the following:
a. The number of units in work in process inventory at the end of the period. fill in the blank 1 of 1 units
Feedback Area
Feedback
Units in ending work in process represent units that have been started in the department but have not been completed, and therefore have not been transferred out to finished goods.
Question Content Area
b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".
Line Item Description
WholeUnits
EquivalentUnitsDirectMaterials
EquivalentUnitsConversion
Inventory in process, beginning
Inventory in process, beginning
Inventory in process, beginning
Inventory in process, beginning
Started and completed
Started and completed
Started and completed
Started and completed
Transferred to finished goods
Transferred to finished goods
Transferred to finished goods
Transferred to finished goods
Inventory in process, ending
Inventory in process, ending
Inventory in process, ending
Inventory in process, ending
Total units
Total units
Total units
Total units
Question Content Area
c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.
Costs Per Equivalent Unit
Direct Materials
fill in the blank 1 of 2$
Conversion
fill in the blank 2 of 2$
d. Cost of the units started and completed during the period. fill in the blank 1 of 1$
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