bly, programming, and packaging Direct materials are added at the beginning of t

Question

bly, programming, and packaging Direct materials are added at the beginning of the assembly process.o October 31. er 30 More Info Dir Mater In mid-November, Dee Electronics started production on 100,000 game consoles Of this number, 90,000 game consoles were assembled during November and transferred out to the Programming Department The November 30 Work-in-Process Inventory in the Assembly Department was 35% of the way through the assembly process. Direct materials costing $399,000 were placed in production in Assembly during November, direct labor of $139,000 was assigned and manufacturing overhead of $130.280 was allocated to that department Print Done elds and then click Check Answer Clear All up 40 hi

Explanation / Answer

Weighted average cost Beggining units 0 Transferred out 90,000 Started intro production 100000 Ending units 10,000 Units accounted for 100000 100000 Equivalent units Material Conversion cost Units transferred                      A 90000 90000 Ending Units 10,000 10,000 Completion 100% 35% B 10000 3500 Total units 100000 93500 Cost per equivalent units Particulars Material Conversion cost total As at beginning 0 0 0 Added during the month 399000 269280 668280 Cost to be accounted for 399000 269280 668280 Total eqivalent units 100000 93500 Cost per equivalent unit 3.99 2.88 6.87 Cost per equivalent unit = Cost to be accounted for / Total equivalent units Cost of ending work in progress Conversion cost Particulars Material Total Ending units 10,000 10,000 Cost per equivalent units 3.99 2.88 Completion 100% 35% Total cost 39900 10080 49980 Cost of goods transferred Conversion cost Particulars Material Total Number of units 90000 90000 Cost per equivalent units 3.99 2.88 6.87 Total amount 359100 259200 618300 Work in progress assembly Beginning 0 Materials 399000 Transferred 618300 Labor 139000 Overheads 130280 668280 618300 Ending balance 49980

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