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TImIng Technology, Inc., manufactures timing devices. During x units were completed and transferred to
finishedgoods Inventory. On December x there were units in work in process. These units were
percent complete as to conversion and percent complete as to direct material. Finishedgoods Inventory consisted of
units. Materlals are added to production at the beginning of the manufacturing process, and overhead is
applied to each product at the rate of percent of directlabor costs. There was no finishedgoods inventory on January
A review of the Inventory cost records disclosed the following information:
a Complete the following schedule as of December x to compute the cost of workInprocess Inventory.
b Complete the following schedule as of December to compute the cost of finishedgoods inventory.
Answer is complete but not entirely correct.
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Req A
Req
Complete the following schedule as of December x to compute the cost of workinprocess inventory. Round "Cost
per equivalent unit" to decimal places.