12. EX.17-12.ALGO
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 ofproduction.
| Work inProcess—Assembly Department |
|---|
| Bal., 3,000 units, 50%completed | 7,350 | To Finished Goods,69,000 units | ? |
| Direct materials,71,000 units @ $1.3 | 92,300 | | |
| Direct labor | 126,000 | | |
| Factory overhead | 49,000 | | |
| Bal. ? units, 50%completed | ? | | |
Cost per equivalent units of $1.30 for Direct Materials and$2.50 for Conversion Costs.
a. Based on the above data, determine thedifferent costs listed below.
If required, round your interim calculations to two decimalplaces.
| 1. Cost of beginning work in process inventory completed thisperiod. | $ |
| 2. Cost of units transferred to finished goods during theperiod. | $ |
| 3. Cost of ending work in process inventory. | $ |
| 4. Cost per unit of the completed beginning work in processinventory, rounded to the nearest cent. |
