In: Accounting

# Data: Units: Beginning work in process 5,000 units Transferred-in from the Moulding Department during the period...

Data:

 Units: Beginning work in process 5,000 units Transferred-in from the Moulding Department during the period 26,000 units Completed during the period 14,000 units Ending work in process (20% complete as to conversion work) 17,000 units Costs: Beginning work in process (transferred-in cost, $160; conversion cost,$230) $390 Transferred-in from the Moulding Department during the period 4,800 Conversion costs added during the period 1,858 1. Fill in the time line for the Drying​ Department's process. 2. Use the time line to compute the number of equivalent units of work performed by the Drying Department during the​ period, the cost per equivalent​ unit, and the total costs to account for. 3. Assign total costs to​ (a) units completed and transferred to the assembly operation and​ (b) units in the Drying​ Department's ending work in process inventory. Requirement 1. ​Fill-in the time line for the Drying Department.  Start Complete Complete Requirement 2. Use the time line to compute the number of equivalent units of work performed by the Drying Department during the​ period, the cost per equivalent​ unit, and the total costs to account for. ​Let's begin by to computing the number of equivalent units of work performed by the Drying Department during the period.  Fielding Drying Department Flow of Physical Units and Computation of Equivalent Units Flow of Equivalent Units Physical Transferred- Conversion Flow of Production Units in Costs Units accounted for: Total equivalent units ​Next, compute the cost per equivalent unit. ​(Round the cost per equivalent unit to the nearest​ cent.)  Fielding Drying Department Cost per Equivalent Unit Transferred- Conversion in Costs Total Cost per equivalent unit Requirement 3. Assign total costs to ​(a​) units completed and transferred to the assembly operation and ​(b​) units in the Drying​ Department's ending work in process inventory. ​(Enter quantities​ first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. Round your answers to the nearest whole​ dollar.)  Fielding Drying Department Cost Assignment Transferred- Conversion Total in Costs Costs  Assignment of total costs: a. x ( + ) b. x x Total cost accounted for ## Solutions ##### Expert Solution  Requirement 1 Material Conversion costs Start Complete Complete 31000 units 31000 units 17400 units Requirement 2 Fielding Drying Department Flow of Physical units and Equivalent units Flow of Physical units Equivalent unit Transferred In Conversion Costs Units accounted for 31000 31000 Work in Process, beginning 5000 5000 5000 Transferred out 9000 9000 9000 Work in Process, ending 17000 17000 3400 Total units 31000 31000 17400 Fielding Drying Department Cost per equivalent units Transferred In Conversion Costs Work in Process, beginning 160 230 Transferred in & conversion cost added during the period 4800 1858 Total costs 4960 2088 Equivalent units 31000 17400 Cost per equivalent unit 0.16 0.12 Requirement 3 Fielding Drying Department Cost assignment Transferred In Conversion Costs Total costs Assignment of total costs a) units completed & transferred to assembly operation 2240 1680 b) Ending work in process inventory of drying department 2720 408 Total costs accounted for 4960 2088 ## Related Solutions ##### If 181100 units are transferred out of a department, there was no beginning work in process,... If 181100 units are transferred out of a department, there was no beginning work in process, and there are 29300 units still in process at the end of a period, the number of units that were started into production during the period is 151800. 29300. 181100. 210400. ##### 1. Units Beginning Work-in-Process 5,000 Started During the Period 50,000 Ending Work-in-Process 2,000 The ending work-in-process inventory... 1. Units Beginning Work-in-Process 5,000 Started During the Period 50,000 Ending Work-in-Process 2,000 The ending work-in-process inventory is 90% complete. What is the total number of equivalent units? 2. At the beginning of the period, there were 800 units of product in a company's work in process inventory. 3,000 additional units of product were started during the period. 1,500 units of product were in the Work in Process account at the end of the period. The ending work in process inventory... ##### Department A had 5,000 units of work in process that were 60% completed at the beginning... Department A had 5,000 units of work in process that were 60% completed at the beginning of the period; 31,000 units were completed and transferred during the period; and 2,000 units were 80% completed at the end of the period. All materials were added at the beginning of the process. Determine the number of equivalent units for (a) direct materials and (b) conversion. ##### 15. If 179800 units are transferred out of a department, there was no beginning work in... 15. If 179800 units are transferred out of a department, there was no beginning work in process, and there are 30800 units still in process at the end of a period, the number of units that were started into production during the period is 30800. 210600. 179800. 1. The Assembly Department shows the following information: Units Beginning Work in Process 20800 Ending Work in Process 65300 Units Transferred Out 30200 How many total units are to be accounted for by... ##### Units: Work in process, December 1 (80% of the way through the process) 5,000 units Transferred-in... Units: Work in process, December 1 (80% of the way through the process) 5,000 units Transferred-in from the Polishing and Cutting Department during December 32,000 units Completed during December ? units Work in process, December 31 (70% of the way through the process) 8,000 units Costs: Work in process, December 1 (transferred-in costs,$32,000; direct materials costs, $20,400; and conversion costs,$37,220) $89,620 Transferred in from the Polishing and Cutting Department during December 97,500 Direct materials added during December 75,800... ##### Department E had 5,000 units in Work in Process that were 40% completed at the beginning... Department E had 5,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of$12,500. 14,000 units of direct materials were added during the period at a cost of $28,700. 17,000 units were completed during the period, and 2,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was$32,000 and factory overhead was $18,000. The number of... ##### In a process with 900 units of beginning Work in Process, the company completed and transferred... In a process with 900 units of beginning Work in Process, the company completed and transferred out 10200 units during a period. There were 4600 units in the ending Work in Process that were 50% complete as to conversion costs. Materials are added 75% at the beginning of the process and 15% when the units are 85% complete. How much is equivalent units of production for the period for material costs if the weighted-average method is used? ##### During the current period, Sean Company transferred$60,600 from Work in Process to Finished Goods and...
During the current period, Sean Company transferred $60,600 from Work in Process to Finished Goods and recorded Cost of Goods Sold of$66,520. Which of the following reflects the Cost of Goods Manufactured being transferred out of the factory? a. credit to Finished Goods of $60,600 b. debit to Finished Goods of$66,520 c. credit to Cost of Goods Sold of $66,520 d. credit to Work in Process of$60,600
##### Department A had 5,000 units in work in process that were 62% completed as to labor...
Department A had 5,000 units in work in process that were 62% completed as to labor and overhead at the beginning of the period; 31,900 units of direct materials were added during the period; 34,500 units were completed during the period; and 2,400 units were 35% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of...
##### Department S had no work in process at the beginning of the period. It added 10,400...
Department S had no work in process at the beginning of the period. It added 10,400 units of direct materials during the period at a cost of $72,800; 7,800 units were completed during the period; and 2,600 units were 38% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was$55,500 and factory overhead was \$9,100. The total cost of units completed during the period...