3. Cost of Units Completed and in Process
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., 8,000 units, 45% completed
19,920
To Finished Goods, 184,000 units
?
Direct materials, 188,000 units @ $1.5
282,000
Direct labor
327,300
Factory overhead
127,260
Bal. ? units, 75% completed
?
a. Based on the above data, determine...