Question

In: Accounting

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 of the period.

b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".

Work in Process-Assembly Department
Equivalent Units of Production for Direct Materials and Conversion Costs
Whole Units Equivalent Units Direct Materials Equivalent Units Conversion
Inventory in process, beginning
Started and completed
Transferred to finished goods
Inventory in process, ending
Total units

c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.

Costs Per Equivalent Unit
Direct Materials $
Conversion $

d. Cost of the units started and completed during the period.

Solutions

Expert Solution

a. The number of units in work in process inventory at the end of the period.

b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".

Whole Units Equivalent Units Direct Materials Equivalent Units Conversion
Inventory in process, beginning 5000 0 2750
Started and completed 110000 110000 110000
Transferred to finished goods 115000 110000 112750
Inventory in process, ending 8000 8000 1600
Total units 123000 118000 114350

c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.

d. Cost of the units started and completed during the period.


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