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 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 | ? | | |
a. Based on the above data, determine thedifferent costs listed below.
| 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. |
