Equivalent Units of Production and Related Costs The charges to Work in ProcessAssembly Department for...
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Equivalent Units of Production and Related Costs The charges to Work in ProcessAssembly 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., 7,000 units, 30% completed
17,080
To Finished Goods, 161,000 units
?
Direct materials, 165,000 units @ $1.3
214,500
Direct labor
486,900
Factory overhead
189,395
Bal. ? units, 55% completed
?
Determine the following:
a. The number of units in work in process inventory at the end of the period. fill in the blank 067fe200505e002_1 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 Units
Equivalent Units Direct Materials
Equivalent Units Conversion
Inventory in process, beginning
fill in the blank cda5a20c5fe1058_1
fill in the blank cda5a20c5fe1058_2
fill in the blank cda5a20c5fe1058_3
Started and completed
fill in the blank cda5a20c5fe1058_4
fill in the blank cda5a20c5fe1058_5
fill in the blank cda5a20c5fe1058_6
Transferred to finished goods
fill in the blank cda5a20c5fe1058_7
fill in the blank cda5a20c5fe1058_8
fill in the blank cda5a20c5fe1058_9
Inventory in process, ending
fill in the blank cda5a20c5fe1058_10
fill in the blank cda5a20c5fe1058_11
fill in the blank cda5a20c5fe1058_12
Total units
fill in the blank cda5a20c5fe1058_13
fill in the blank cda5a20c5fe1058_14
fill in the blank cda5a20c5fe1058_15
c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.
Costs Per Equivalent Unit
Direct Materials
$fill in the blank b9fecffd505401c_1
Conversion
$fill in the blank b9fecffd505401c_2
d. Cost of the units started and completed during the period. $fill in the blank b9fecffd505401c_3
Answer & Explanation
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