Question
In: Accounting
Department for a period, together with information concerning production, are as follows. All direct materials are...
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., 4,000 units, 45% completed | 14,440 | To Finished Goods, 92,000 units | ? |
| Direct materials, 94,000 units @ $1.9 | 178,600 | ||
| Direct labor | 270,700 | ||
| Factory overhead | 105,270 | ||
| Bal. ? units, 25% completed | ? | ||
Cost per equivalent units of $1.90 for Direct Materials and $4.10 for Conversion Costs.
a. Based on the above data, determine the different costs listed below.
If required, round your interim calculations to two decimal places.
| 1. Cost of beginning work in process inventory completed this period. | $ |
| 2. Cost of units transferred to finished goods during the period. | $ |
| 3. Cost of ending work in process inventory. | $ |
| 4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent. | $ |
b. Did the production costs change from the
preceding period?
c. Assuming that the direct materials cost per
unit did not change from the preceding period, did the conversion
costs per equivalent unit increase, decrease, or remain the same
for the current period?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
The charges to Work in Process—Assembly Department for a period, together with information concerning production, are...
The charges to Work in Process—Assembly 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., 6,400 units, 40% completed
45,760
To Finished Goods, 119,400 units
?
Direct materials, 116,000 units @ $6.25
725,000
Direct labor
145,160
Factory overhead
90,020
Bal. ? units, 25% completed
?
Determine the following:
a. The number of units in work in process
inventory at the...
The charges to Work in Process—Assembly Department for a period, together with information concerning production, are...
The charges to Work in Process—Assembly 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., 9,000 units, 70% completed
25,560
To Finished Goods, 207,000 units
?
Direct materials, 212,000 units @ $1.30
275,600
Direct labor
361,300
Factory overhead
140,540
Bal. ? units, 60% completed
?
Determine the following:
a. The number of units in work in process
inventory at the...
The charges to Work in Process—Assembly Department for a period, together with information concerning production, are...
The charges to Work in Process—Assembly 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., 5,000 units, 50% completed
19,750
To Finished Goods, 115,000 units
?
Direct materials, 118,000 units @ $2.00
236,000
Direct labor
349,900
Factory overhead
136,040
Bal., ? units, 40% completed
?
Determine the following:
a. The number of units in work in process
inventory at the...
The charges to Work in Process—Assembly Department for a period, together with information concerning production, are...
The charges to Work in Process—Assembly 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, 45% completed
18,305
To Finished Goods, 161,000 units
?
Direct materials, 165,000 units @ $1.4
231,000
Direct labor
342,200
Factory overhead
133,110
Bal. ? units, 55% completed
?
Determine the following:
a. The number of units in work in process
inventory at the...
The charges to Work in Process—Assembly Department for a period, together with information concerning production, are...
The charges to Work in Process—Assembly 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., 2,000 units, 75%
completed
10,000
To Finished Goods,
46,000 units
?
Direct materials,
47,000 units @ $2
94,000
Direct labor
139,600
Factory overhead
54,330
Bal. ? units, 20%
completed
?
a. Based on the above data, determine the
different costs listed below.
If required, round...
he charges to Work in Process—Assembly Department for a period, together with information concerning production, are...
he charges to Work in Process—Assembly 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., 5,000 units, 45% completed
15,050
To Finished Goods, 115,000 units
Direct materials, 118,000 units @ $1.3
153,400
Direct labor
337,600
Factory overhead
131,235
Bal. ? units, 20% completed
?
Determine the following:
a. The number of units in work in process
inventory at the end...
A) The following information concerns production in the Baking Department for March. All direct materials are...
A)
The following information concerns production in the Baking
Department for March. All direct materials are placed in process at
the beginning of production.
ACCOUNT Work in Process—Baking
Department
ACCOUNT NO.
Date
Item
Debit
Credit
Balance
Debit
Credit
Mar.
1
Bal., 6,900 units, 2/5 completed
14,490
31
Direct materials, 124,200 units
223,560
238,050
31
Direct labor
65,190
303,240
31
Factory overhead
36,666
339,906
31
Goods finished, 126,000 units
327,462
12,444
31
Bal. ? units, 4/5 completed
12,444
a. Based on...
The following information concerns production in the Baking Department for March. All direct materials are placed...
The following information concerns production in the Baking
Department for March. All direct materials are placed in process at
the beginning of production.
ACCOUNT Work in Process—Baking
Department
ACCOUNT NO.
Date
Item
Debit
Credit
Balance
Debit
Credit
Mar.
1
Bal., 9,300 units, 4/5 completed
16,182
31
Direct materials, 167,400 units
217,620
233,802
31
Direct labor
63,340
297,142
31
Factory overhead
35,624
332,766
31
Goods finished, 169,500 units
321,678
11,088
31
Bal. ? units, 2/5 completed
11,088
a. Based on the...
The following information concerns production in the Baking Department for March. All direct materials are placed...
The following information concerns production in the Baking
Department for March. All direct materials are placed in process at
the beginning of production.
ACCOUNT Work in Process—Baking
Department
ACCOUNT NO.
Date
Item
Debit
Credit
Balance
Debit
Credit
Mar.
1
Bal., 32,800 units, 1⁄4 completed
29,520
31
Direct materials, 604,000 units
483,200
512,720
31
Direct labor
110,180
622,900
31
Factory overhead
165,022
787,922
31
Goods finished, 594,200 units
742,340
45,582
31
Bal. ? units, 3⁄5 completed
45,582
a. Based on the...
The following information concerns production in the Forging Department for November. All direct materials are placed...
The following information concerns production in the Forging
Department for November. 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 $9,000 of direct materials.
ACCOUNT Work in Process—Forging
Department
ACCOUNT NO.
Date
Item
Debit
Credit
Balance
Debit
Credit
Nov.
1
Bal., 900 units, 60% completed
10,566
30
Direct materials, 12,900 units
123,840
134,406
30
Direct labor
21,650
156,056
30
Factory overhead
16,870...
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