The following information concerns production in the Forging Department for June. All direct materials are...
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Accounting
The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $ of direct materials. ACCOUNT Work in ProcessForging Department ACCOUNT NO Date Item Debit Credit Balance Debit Balance Credit June Bal., units, completed Direct materials, units Direct labor Factory overhead Goods transferred, units Bal., units, completed a Determine the number of units transferred to the next department. fill in the blank of units b Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places. Cost per equivalent unit of direct materials fill in the blank of $ Cost per equivalent unit of conversion fill in the blank of $ c Determine the cost of units started and completed in June. fill in the blank of $Cost per Equivalent Unit The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $ of direct materials. a Determine the number of units transferred to the next department. units b Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places. Cost per equivalent unit of direct materials $ Cost per equivalent unit of conversion c Determine the cost of units started and completed in June.
The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $ of direct materials.
ACCOUNT Work in ProcessForging Department ACCOUNT NO
Date Item Debit Credit Balance
Debit Balance
Credit
June Bal., units, completed
Direct materials, units
Direct labor
Factory overhead
Goods transferred, units
Bal., units, completed
a Determine the number of units transferred to the next department.
fill in the blank of
units
b Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places.
Cost per equivalent unit of direct materials fill in the blank of $
Cost per equivalent unit of conversion fill in the blank of $
c Determine the cost of units started and completed in June.
fill in the blank of $Cost per Equivalent Unit
The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning
of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $ of direct materials.
a Determine the number of units transferred to the next department.
units
b Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places.
Cost per equivalent unit of direct materials $
Cost per equivalent unit of conversion
c Determine the cost of units started and completed in June.
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