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., 30,000 units, 40% completed Direct materials, 400,000 units @ $11.25 Direct labor Factory overhead Bal., 2 units, 30% completed Determine the following: 1,075,500 To Finished Goods, 406,000 units 4,500,000 4,012,000 20,060,000 a. The number of units in work in process inventory at the end of the period. 24,000 units Line Item Description Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending Total 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 Equivalent Units Equivalent Units Units Direct Materials Conversion 30,000 376,000 376,000 406,000 376,000 24,000 24,000 43,000 400,000 c. Costs per equivalent unit for direct materials and conversion. Costs Per Equivalent Unit 18,000 376.000 394,000 7,200 401.200

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., 30,000 units, 40% completed Direct materials, 400,000 units @ $11.25 Direct labor Factory overhead Bal., 2 units, 30% completed Determine the following: 1,075,500 To Finished Goods, 406,000 units 4,500,000 4,012,000 20,060,000 a. The number of units in work in process inventory at the end of the period. 24,000 units Line Item Description Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending Total 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 Equivalent Units Equivalent Units Units Direct Materials Conversion 30,000 376,000 376,000 406,000 376,000 24,000 24,000 43,000 400,000 c. Costs per equivalent unit for direct materials and conversion. Costs Per Equivalent Unit 18,000 376.000 394,000 7,200 401.200

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Description: Equivalent Units of Production and Related CostsThe 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 producti

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 24E

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