Ling Company has two departments, Assembly and Finishing. Consider the following data for the Assembly...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Ling Company has two departments, Assembly and Finishing. Consider the following data for the Assembly Department: Direct Direct Units % Complete Material Labor Overhead Total Beginning work in process 2, 090 90% $2, 475 Started during the month 18, 090 Completed during the month 15, 090 Ending work in process 5,000 60% costs added during month $11, 780 $6, 750 $4, 050 $22, 500 a. Compute the number of total equivalent units for the Assembly Department. Ling uses the weighted average method to determine equivalent units. b. Calculate the cost per equivalent unit. Note: Round your answer to 4 decimal places. c. Compute the amount of costs that should be transferred to the Finishing Department. Note: Round your answer to the nearest cent. d. Compute the amount of costs that should be assigned to the 5,000 units In ending Inventory. Note: Round your answer to the nearest cent. a. Equivalent units b. Cost per equivalent unit per unit c. Costs transferred out d. Ending inventory cost
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Link Copied!
