The charges to Work in Process—Assembly Department for a period, together with i
ID: 2562684 • Letter: T
Question
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 in work in process inventory at the end of the period
B. Equivalent units of production for direct materials and conversion
C. Costs per equivalent unit for direct materials and conversion
D. Cost of the units started and completed during the period
Explanation / Answer
A. The number of units in work in process inventory at the end of the period. units
Opening balance in Work in Process + Direct Material units - Finished goods units = 1600 + 29000 - 29600 =1000 units
b. Equivalent units of production for direct materials and conversion.
Work in Process-Assembly Department
Equivalent Units of Production for Direct Materials and Conversion Costs
Whole Units EquivalentDirect Materials Equivalent Units Conversion
Inventory in process, beginning 1,600 0 1,040 (1,600x 0.35)
Started and completed 28,000 (29,600 -1,600) 28,000 28,000
Transferred to finished goods 29,600 28,000 29,040
Inventory in process, ending 1,000 1,000 450
Total units 30,600 29,000 29,490
c. Costs per equivalent unit for direct materials and conversion.
Costs Per Equivalent Unit
Direct Materials 275500/29000 $9.50
Conversion 84600+39258=123,858/29490 $4.20
D. Cost of the units started and completed during the period
(9.5 + 4.2) x 28,000 = $383,600
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