Question

In: Accounting

Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...

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., 9,000 units, 40% completed 72,360 To Finished Goods, 41,500 units ?
Direct materials, 40,000 units @ $6.80 272,000
Direct labor 80,000
Factory overhead 40,450
Bal., ? units, 30% completed ?

Cost per equivalent units of $6.80 for Direct Materials and $3.00 for Conversion Costs.

a. Based on the above data, determine the different costs listed below.

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

Expert Solution

Answer with working notes is given below


Related Solutions

Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
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., 9,000 units, 65% completed 31,635 To Finished Goods, 207,000 units ? Direct materials, 212,000 units @ $1.5 318,000 Direct labor 492,900 Factory overhead 191,685 Bal. ? units, 45% completed ? a. Based on the above data, determine the...
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
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., 3,000 units, 75% completed 9,450 To Finished Goods, 69,000 units ? Direct materials, 71,000 units @ $1.8 127,800 Direct labor 93,700 Factory overhead 36,450 Bal., ? units, 35% completed ? Cost per equivalent units of $1.80 for Direct...
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
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., 7,000 units, 70% completed 28,210 To Finished Goods, 161,000 units ? Direct materials, 165,000 units @ $2 330,000 Direct labor 363,100 Factory overhead 141,270 Bal. ? units, 60% completed ? a. Based on the above data, determine the...
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
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., 6,000 units, 70% completed16,140To Finished Goods, 138,000 units? Direct materials, 141,000 units @ $1.5211,500   Direct labor178,700   Factory overhead69,430   Bal., ? units, 45% completed?   Cost per equivalent units of $1.50 for Direct Materials and $1.80 for Conversion Costs. a....
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
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., 6,000 units, 75% completed 25,500 To Finished Goods, 138,000 units ? Direct materials, 141,000 units @ $1.7 239,700 Direct labor 372,400 Factory overhead 144,860 Bal. ? units, 70% completed ? a. Based on the above data, determine the...
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
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., 7,000 units, 45% completed 16,660 To Finished Goods, 161,000 units ? Direct materials, 165,000 units @ $1.3 214,500 Direct labor 306,800 Factory overhead 119,340 Bal., ? units, 55% completed ? Cost per equivalent units of $1.30 for Direct...
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
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., 6,000 units, 70% completed16,140To Finished Goods, 138,000 units? Direct materials, 141,000 units @ $1.5211,500   Direct labor178,700   Factory overhead69,430   Bal., ? units, 45% completed?   Cost per equivalent units of $1.50 for Direct Materials and $1.80 for Conversion Costs. a....
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
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., 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...
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
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., 6,000 units, 35% completed 13,590 To Finished Goods, 138,000 units ? Direct materials, 141,000 units @ $1.6 225,600 Direct labor 200,200 Factory overhead 77,900 Bal. ? units, 35% completed ? Cost per equivalent units of $1.60 for Direct...
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
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., 7,000 units, 65% completed 24,150 To Finished Goods, 161,000 units ? Direct materials, 165,000 units @ $1.5 247,500 Direct labor 380,700 Factory overhead 148,100 Bal. ? units, 80% completed ? Cost per equivalent units of $1.50 for Direct...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT