The charges to Work in ProcessAssembly Department for a period, together with information concerning production,...

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Accounting

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.

Work in Process-Assembly Department
Transaction Debit amount Transaction Credit amount
Bal., 4,000 units, 65% completed 16,060 To Finished Goods, 92,000 units ?
Direct materials, 94,000 units @ $2.00 188,000
Direct labor 216,700
Factory overhead 84,260
Bal., ? units, 30% completed ?

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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

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b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".

Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs
Line Item Description Whole Units Equivalent Units Direct Materials Equivalent Units Conversion
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

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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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