Question

Check my work Vie Required information [The following information applies to the questions displayed below] The Cariberg Company has two manufacturing departments, assembly and painting. The assembly department started 12.100 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Percent of Conversion Assembly Department Beginning work in process Units transferred out Ending work in process Units 3.500 10,500 5,100 Percent of Direct Materials Added 603 100% 80% 100% 30% $3,359 (includes $1,902 for direct materials and $1,457 for conversion) Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion $ 19,968 $ 20,197

Answer 1

Cost per equivalent unit:

Material = ($1,902 + $19,968) / [10,500 + (5,100 X 80%)] = $1.50

Conversion = ($1,457 + $20,197) / [10,500 + (5,100 X 30%)] = $1.80

Total cost of units transferred = 10,500 X ($1.50 + $1.80) = $34,650

No	Transaction	General Journal	Debit	Credit
1	1	Work in process inventory - Painting	$34,650	-
		Work in process inventory - Assembly	-	$34,650