Question

Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...

Cost of Units Completed and in Process

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 24,800 To Finished Goods, 184,000 units ?
Direct materials, 188,000 units @ $2.1 394,800
Direct labor 299,400
Factory overhead 116,400
Bal., ? units, 75% completed ?

Cost per equivalent units of $2.10 for Direct Materials and $2.20 for Conversion Costs.

a. Based on the above data, determine the different costs listed below.

If required, round your interim calculations to two decimal places.

1. Cost of beginning work in process inventory completed this period $
2. Cost of units transferred to finished goods during the period $
3. Cost of ending work in process inventory
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks!
Equivalent Units Note Answer
Units Physical Units Materials Conversion
Units charged to production:
Beginning Inventory in process          8,000.00
Plus: Started production      188,000.00
Total physical units accounted for      196,000.00
Units to be assigned costs:
Beginning Inventory in process          8,000.00                   -            4,000.00 Materials are introduced in the beginning so 100% is already completed for materials. So in this month 0% is completed. So Equivalent units are calculated as 8,000 * 00%. Similarly 50% is already completed for conversion. So in this month 50% is completed. So Equivalent units are calculated as 8,000 * 50%.
Started and completed in same month      176,000.00 176,000.00     176,000.00
Transferred to finished goods      184,000.00 176,000.00     180,000.00
Ending, Inventory in process        12,000.00    12,000.00          9,000.00 This is closing units multiplied by % of completion
Total units to be assigned costs:      196,000.00 188,000.00     189,000.00
Cost Information Total
Costs per equivalent unit              2.10                  2.20               4.30
Costs assigned to production
Beginning Inventory in process    24,800.00
Costs incurred in the month 394,800.00     415,800.00 810,600.00
Total costs accounted for 835,400.00
Costs allocated to completed and partially completed units
Beginning Inventory in process    24,800.00
To complete Beginning Inventory in process                   -            8,800.00       8,800.00 This is Beginning Inventory in process * Costs per equivalent unit. This is answer to 1.
Started and completed in same month 369,600.00     387,200.00 756,800.00 This is Started and completed in same month units * Costs per equivalent unit.
Transferred to finished goods 369,600.00     396,000.00 790,400.00 This is Transferred to finished goods units * Costs per equivalent unit. This is answer to 2.
Ending, Inventory in process    25,200.00        19,800.00    45,000.00 This is Ending, Inventory in process * Costs per equivalent unit. This is answer to 3.
Total costs assigned 835,400.00
Started and completed in the same month
Goods Finished in the month      184,000.00
Less: Beginning work in process          8,000.00
Started and completed in the same month      176,000.00
Add a comment
Know the answer?
Add Answer to:
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
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. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a...

    Cost of Units Completed and in Process 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, 30% completed 22,080 To Finished Goods, 184,000 units Direct materials, 188,000 units @ 394,800 $2.1 Direct labor 327,300 Factory overhead 127,260 Bal. ? units, 65% completed Cost per equivalent units of $2.10 for Direct Materials and...

  • please help! Cost of Units Completed and in Process The charges to Work in Process-Assembly Department...

    please help! Cost of Units Completed and in Process 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 22,880 To Finished Goods, 184,000 units 2 Bal., 8,000 units, 30% completed Direct materials, 188,000 units @ $1.9 357,200 Direct labor 451,900 175,740 Factory overhead Bal. ? units, 25% completed Cost per equivalent units of $1.90 for...

  • Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...

    Cost of Units Completed and in Process 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, 40% completed 24,160 To Finished Goods, 184,000 units ? Direct materials, 188,000 units @ $1.5 282,000 Direct labor 551,400 Factory overhead 214,480 Bal., ? units, 50% completed ? Cost per equivalent units of $1.50 for Direct...

  • Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...

    Cost of Units Completed and in Process 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, 65% completed 33,920 To Finished Goods, 184,000 units ? Direct materials, 188,000 units @ $1.9 357,200 Direct labor 527,300 Factory overhead 205,120 Bal. ? units, 75% completed ? Cost per equivalent units of $1.90 for Direct...

  • Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a...

    Cost of Units Completed and in Process 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, 70% completed 29,440 To Finished Goods, 184,000 units Direct materials, 188,000 units @ 244,400 $1.3 Direct labor 496,000 Factory overhead 192,940 Bal., 2 units, 65% completed Cost per equivalent units of $1.30 for Direct Materials and...

  • Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...

    Cost of Units Completed and in Process 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, 45% completed 7,800 To Finished Goods, 69,000 units ? Direct materials, 71,000 units @ $1.7 120,700 Direct labor 103,800 Factory overhead 40,365 Bal., ? units, 20% completed ? Cost per equivalent units of $1.70 for Direct...

  • Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a...

    Cost of Units Completed and in Process 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., 2,000 units, 55% completed 8,510 To Finished Goods, 46,000 units Direct materials, 47,000 units $2 94,000 Direct labor 146. Sool Factory overhead 57.000 Bal 2 units, 45% completed Cost per equivalent units of $2.00 for Direct Materials and...

  • Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...

    Cost of Units Completed and in Process 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., 2,000 units, 30% completed 5,540 To Finished Goods, 46,000 units ? Direct materials, 47,000 units @ $1.6 75,200 Direct labor 142,300 Factory overhead 55,310 Bal. ? units, 55% completed ? a. Based on the above data, determine the...

  • Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...

    Cost of Units Completed and in Process 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., 2,000 units, 55% completed 5,510 To Finished Goods, 46,000 units ? Direct materials, 47,000 units @ $1.6 75,200 Direct labor 75,300 Factory overhead 29,350 Bal. ? units, 20% completed ? a. Based on the above data, determine the...

  • Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a...

    Cost of Units Completed and in Process 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, 40% completed 18,200 To Finished Goods, 161,000 units Direct materials, 165,000 units @ $1.4 231,000 Direct labor 373,400 Factory overhead 145,160 Bal. 2 units, 35% completed a. Based on the above data, determine the different costs...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT