Question

E5-30A (similar to E Question Help The Assembly Department of Best Surge Protectors began September with no work in process inventory. During the month production Phat cost $52,028 (direct materia's, $13.328, and conversion coss $38,700) was work in to the Testing Department a toal of 21,000 urits. The ening work n process inventory was 35% complete as to dred matenas and conversion work comp Requirements 1. Compute the equivalent units tor direct materials and conversion costs 2. Compute the cost per equivalent unit 3. Assign the costs to unts completed and tranelered out and ending work in process inventory 4. Racord the joumal entry 5. Post all of the transactions in the "Work in Process Inventory for the costs transterred out ot the Assembly Department to the Testing Department Assembly' T account. What is the ending balance? equirement 1. Compute the equivalent units for direct materals and conversion costs Assembly Departm Equivalent Unii Computat Month Ended September 30 Flow of Equlvalent Units PhysicalDirect Conversion Flow of Produetion Units Materials Costs Units accounted for Choose from any list er enter any number in the input fielos and then cick Chock Answer Clear Al

Answer 1

Answer 1					Answer 5
Computation of equivalent units for direct materials and conversion costs					Posting of transactions in Work in process Inventory - Assembly T Account
Assembly Department					Work in process Inventory - Assembly
Equivalent unit computation					Direct Materials	$13,328.00	Work in process Inventory - Testing	$43,260.00
Month ended September 30					Conversion	$38,700.00	Balance	$8,768.00
Flow of Production	Flow of physical units	Equivalent Units				$52,028.00		$52,028.00
		Direct Materials	Conversion Costs
Completed and transferred	21000	21000	21000		Ending balance in Work in process Inventory - Assembly =			$8,768.00
Ending work in process	8000	2800	4800
Total		23800	25800
Answer 2
Computation of cost per equivalent unit
	Direct Material	Conversion cost
Total cost	$13,328.00	$38,700.00
/ Equivalent units	23800	25800
Cost per equivalent unit	$0.56	$1.50
Answer 3
Cost of units completed and transferred
Direct Material [21000 EU * $0.56]	$11,760.00
Conversion Cost [21000 EU * $1.50]	$31,500.00
Cost of units completed and transferred	$43,260.00
Cost of units in ending work in process
Direct Material [2800 EU * $0.56]	$1,568.00
Conversion Cost [4800 EU * $1.50]	$7,200.00
Cost of units in ending work in process	$8,768.00
Answer 4
Journal entry for costs transferred out of Assembly department to the Testing department
Account Titles	Debit	Credit
Work in process Inventory - Testing department	$43,260.00
Work in process Inventory - Assembly department		$43,260.00