3
a.
Account Titles | Debit | Credit |
Work in Process Inventory | $ 36,000 | |
Raw Materials Inventory | $ 36,000 | |
(Issued raw material to production) | ||
Work in Process Inventory | $ 48,000 | |
Wages Payable | $ 48,000 | |
(Wages for production) | ||
Work in Process Inventory | $ 60,000 | |
Manufacturing Overhead | $ 60,000 | |
(Manufacturing Overhead applied) |
b.
Physical Units | |
Units accounted for | |
Completed and transferred out | 10500 |
Ending Work in process | 6000 |
Total Units accounted for | 16500 |
Units completed and transferred out = 4000 + 12500 - 6000 =
10500
c. Equivalent units of Production = Units completed + Ending WIP
x completion
Material = 10500 + 6000 x 100% = 16500
Labor = 10500 + 6000 x 70% = 14700
Overhead = 10500 + 6000 x 70% = 14700
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av Normal No Spacing Ch 3 Homework Problem A The following data refer to a production...
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