Question

complete A to D all parts I'll rate Equivalent Units of Production and Related Costs The...

complete A to D all parts I'll rate

Equivalent Units of Production and Related Costs

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., 5,000 units, 30% completed 11,650 To Finished Goods, 115,000 units ?
Direct materials, 118,000 units @ $1.4 165,200
Direct labor 273,500
Factory overhead 106,330
Bal. ? units, 20% completed ?

Determine the following:

a. The number of units in work in process inventory at the end of the period.
units

Feedback

Units in ending work in process represent units that have been started in the department but have not been completed, and therefore have not been transferred out to finished goods.

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
Started and completed
Transferred to finished goods
Inventory in process, ending
Total units

Feedback

When are materials added in the process? How does that affect the number of equivalent units in beginning work in process, units that have been started and completed and units in ending work in process? For units to be completed they have to be complete with respect to both materials and conversion.

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 $
Conversion $

d. Cost of the units started and completed during the period.
$

Homework Answers

Answer #1
a
Units in work in process inventory at the end of the period=5000+118000-115000= 8000
b
Work in Process-Assembly Department
Equivalent Units of Production for Direct Materials and Conversion Costs
Whole Units Equivalent Units Equivalent Units
Direct Materials Conversion
Inventory in process, beginning 5000 0 3500
Started and completed 110000 110000 110000
Transferred to finished goods 115000 110000 113500
Inventory in process, ending 8000 8000 1600
Total units 123000 118000 115100
c
Costs Per Equivalent Unit
Direct Materials 1.4 =165200/118000
Conversion 3.3 =(273500+106330)/115100
d
cost of the units started and completed=110000*(1.4+3.3)= $517000
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...
Equivalent Units of Production and Related Costs 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., 9,000 units, 40% completed 72,360 To Finished Goods, 41,500 units ? Direct materials, 40,000 units @ $6.80 272,000 Direct labor 80,000 Factory overhead 40,450 Bal., ? units, 30% completed ? Determine the following: a. The number of units...
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...
Equivalent Units of Production and Related Costs 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., 9,000 units, 35% completed 23,355 To Finished Goods, 207,000 units ? Direct materials, 212,000 units @ $2 424,000 Direct labor 268,700 Factory overhead 104,530 Bal. ? units, 25% completed ? Determine the following: a. The number of units...
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...
Equivalent Units of Production and Related Costs 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., 3,000 units, 25% completed 6,825 To Finished Goods, 69,000 units ? Direct materials, 71,000 units @ $1.4 99,400 Direct labor 195,600 Factory overhead 76,100 Bal. ? units, 65% completed ? Determine the following: a. The number of units...
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...
Equivalent Units of Production and Related Costs 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., 8,000 units, 50% completed 26,000 To Finished Goods, 184,000 units ? Direct materials, 188,000 units @ $1.6 300,800 Direct labor 474,800 Factory overhead 184,600 Bal. ? units, 70% completed ? Determine the following: a. The number of units...
(#7)Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...
(#7)Equivalent Units of Production and Related Costs 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., 5,000 units, 45% completed 18,100 To Finished Goods, 115,000 units ? Direct materials, 118,000 units @ $2 236,000 Direct labor 332,300 Factory overhead 129,265 Bal. ? units, 70% completed ? Determine the following: a. The number of units...
#7 - Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department...
#7 - Equivalent Units of Production and Related Costs 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., 5,000 units, 45% completed 18,100 To Finished Goods, 115,000 units ? Direct materials, 118,000 units @ $2 236,000 Direct labor 332,300 Factory overhead 129,265 Bal. ? units, 70% completed ? Determine the following: a. The number...
Equivalent units of production and related costs: The charges to work in the Process-Assembly Department for...
Equivalent units of production and related costs: The charges to work in the Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in the process at the beginning of production. Bal. 9000 units, 40% completed 72,360 to finish goods, 41,500 units ? Direct materials, 40,000 units @ $6.80 27,2000 Direct Labor 80,000 Factory overhead 40,450 Bal.. ? units 30% completed ? a. The number of units in work process inventory at...
Equivalent Units of Production The following information concerns production in the Baking Department for March. All...
Equivalent Units of Production The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 4,800 units, 2/3 completed 6,080 31 Direct materials, 86,400 units 164,160 170,240 31 Direct labor 44,690 214,930 31 Factory overhead 25,134 240,064 31 Goods finished, 87,600 units 230,920 9,144 31 Bal. ? units, 4/5 completed 9,144...
The charges to Work in Process—Assembly Department for a period, together with information concerning production, are...
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., 7,000 units, 55% completed 28,770 To Finished Goods, 161,000 units ? Direct materials, 165,000 units @ $1.8 297,000 Direct labor 535,900 Factory overhead 208,400 Bal. ? units, 75% completed ? Determine the following: a. The number of units in work in process inventory at the...
The charges to Work in Process—Assembly Department for a period, together with information concerning production, are...
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., 6,000 units, 70% completed 15,540 To Finished Goods, 138,000 units ? Direct materials, 141,000 units @ $1.4 197,400 Direct labor 181,600 Factory overhead 70,580 Bal. ? units, 70% completed ? Determine the following: a. The number of units in work in process inventory at the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT