The charges to Work in ProcessAssembly Department for a period, together with information concerning production,...
90.2K
Verified Solution
Question
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 | |||
---|---|---|---|
Bal., 7,000 units, 70% completed | 23,030 | To Finished Goods, 161,000 units | ? |
Direct materials, 165,000 units @ $2.10 | 346,500 | ||
Direct labor | 205,900 | ||
Factory overhead | 80,030 | ||
Bal., ? units, 25% completed | ? |
Determine the following:
a. The number of units in work in process inventory at the end of the period. b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".
Whole Units | Equivalent Units Direct Materials | Equivalent Units Conversion | |
Inventory in process, beginning | |||
Started and completed | |||
Transferred to finished goods | |||
Inventory in process, ending | |||
Total units |
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 | |
Conversion |
|
d. Cost of the units started and completed during the period.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.