Question
In: Accounting
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...
Equivalent Units of Production and Related Costs
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, 65% completed | 31,880 | To Finished Goods, 184,000 units | ? |
| Direct materials, 188,000 units @ $2.10 | 394,800 | ||
| Direct labor | 404,400 | ||
| Factory overhead | 157,320 | ||
| Bal., ? units, 20% completed | ? | ||
Determine the following:
a. The number of units in work in process
inventory at the end of the period.
units
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
ekkarill92 answered 11 months agoRelated Solutions
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...
Equivalent Units of Production and Related Costs
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, 35% completed
9,000
To Finished Goods, 69,000 units
?
Direct materials, 71,000 units @ $1.60
113,600
Direct labor
222,800
Factory overhead
86,585
Bal., ? units, 80% completed
?
Determine the following:
a. The number of units...
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...
Equivalent Units of Production and Related Costs
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, 25%
completed
6,825
To Finished Goods,
69,000 units
?
Direct materials,
71,000 units @ $1.4
99,400
Direct labor
195,600
Factory overhead
76,100
Bal. ? units, 65%
completed
?
Determine the following:
a. The number of units...
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...
Equivalent Units of Production and Related Costs
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, 25% completed
5,200
To Finished Goods, 46,000 units
?
Direct materials, 47,000 units @ $1.7
79,900
Direct labor
129,400
Factory overhead
50,390
Bal. ? units, 20% completed
?
Determine the following:
a. The number of units...
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...
Equivalent Units of Production and Related Costs 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., 1,600 units, 35%
completed 17,440 To Finished Goods, 29,600 units ? Direct
materials, 29,000 units @ $9.50 275,500 Direct labor 84,600 Factory
overhead 39,258 Bal. ? units, 45% completed ? Determine the
following: a. The number of units...
Equivalent Units of Production and Related Costs The charges to Work in Process—Baking Department for a...
Equivalent Units of Production and Related Costs
The charges to Work in Process—Baking Department for a period as
well as information concerning production are as follows. The
Baking Department uses the average cost method, and all direct
materials are placed in process during production.
Work
in Process—Baking Department
Bal., 3,300 units, 70%
completed
4,884
To Finished Goods,
23,700 units
?
Direct materials,
24,100 units
52,297
Direct labor
24,484
Factory overhead
12,613
Bal., 3,700 units, 30%
completed
?
If required, round...
Equivalent Units of Production and Related Costs The charges to Work in Process—Baking Department for a...
Equivalent Units of Production and Related Costs
The charges to Work in Process—Baking Department for a period as
well as information concerning production are as follows. The
Baking Department uses the average cost method, and all direct
materials are placed in process during production.
Work in Process—Baking Department
Bal., 2,200 units, 30% completed
7,546
To Finished Goods, 15,900 units
?
Direct materials, 16,100 units
80,822
Direct labor
43,782
Factory overhead
22,554
Bal., 2,400 units, 70% completed
?
If required, round...
Equivalent Units of Production and Related Costs The charges to Work in Process—Baking Department for a...
Equivalent Units of Production and Related Costs
The charges to Work in Process—Baking Department for a period as
well as information concerning production are as follows. The
Baking Department uses the average cost method, and all direct
materials are placed in process during production.
Work in Process—Baking Department
Bal., 2,700 units, 70% completed
7,803
To Finished Goods, 19,400 units
?
Direct materials, 19,700 units
83,134
Direct labor
39,127
Factory overhead
20,156
Bal., 3,000 units, 30% completed
?
If required, round...
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...
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