The Assembly Department of BWL Surge Protectors began September with no work in process inventory. During...

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Accounting

The Assembly Department of BWL Surge Protectors began Septemberwith no work in process inventory. During the? month, productionthat cost $35,282
?(direct materials,$8,242?, and conversion? costs, $27,040)? wasstarted on 23,000 units. BWL completed and transferred to theTesting Department a total of 12,000 units. The ending work inprocess inventory was 35% complete as to direct materials and 80%complete as to conversion work.
Requirements
1. Compute the equivalent units for directmaterials and conversion costs.
2. Compute the cost per equivalent unit.
3. Assign the costs to units completed andtransferred out and ending work in process inventory.
4. Record the journal entry for the coststransferred out of the Assembly Department to the TestingDepartment.
5. Post all of the transactions in the? "Workin Process
Inventorylong dash—?Assembly"
?T-account. What is the ending? balance?

Answer & Explanation Solved by verified expert

3.7 Ratings (593 Votes)

1 Calculation of equivalent production Particulars Units Direct Materials Conversion Costs Opening work in progress 0 0 0 Completed and tranferred units 12000 12000 12000 Closing stock Material 35 Conversion cost 80 See Answer

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Transcribed Image Text

The Assembly Department of BWL Surge Protectors began Septemberwith no work in process inventory. During the? month, productionthat cost $35,282?(direct materials,$8,242?, and conversion? costs, $27,040)? wasstarted on 23,000 units. BWL completed and transferred to theTesting Department a total of 12,000 units. The ending work inprocess inventory was 35% complete as to direct materials and 80%complete as to conversion work.Requirements1. Compute the equivalent units for directmaterials and conversion costs.2. Compute the cost per equivalent unit.3. Assign the costs to units completed andtransferred out and ending work in process inventory.4. Record the journal entry for the coststransferred out of the Assembly Department to the TestingDepartment.5. Post all of the transactions in the? "Workin ProcessInventorylong dash—?Assembly"?T-account. What is the ending? balance?