Question

Appendix werage cost method and ning of the period. Dur. cking Department. There ✓ A. 17.000 EX 17-22 Equivalent units of production: average cost method The Converting Department of Tender Soft Tissue Company uses the average had 1.900 units in work in process that were 007 complete at the beginning of ing the period, 15,800 units were completed and transferred to the Packing De were 1,200 units in process that were 30% complete at the end of the period A. Determine the number of whole units to be accounted for and to be assigned period. B. Determine the number of equivalent units of production for the period, be assigned costs for the Cable and Wire Company for July A. 12,100 units to be accounted for Appendix EX 17-23 Equivalent units of production: average cost method Units of production data for the two departments of Atlantic Cable and Wire Company of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 500 units, 50% completed 350 units, 30% completed Completed and transferred to next processing department during July 11,400 units 10,950 units Work in process, July 31 700 units, 55% completed 800 units, 25% completed Each department uses the average cost method. A Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department. B. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department. VA. 3,100 Appendix EX 17-24 Equivalent units of production: average cost method The following information concerns production in the Finishing Department for May. The Finishing Department uses the average cost method. ACCOUNT Work in Process--Finishing Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit May 1 Bal, 4.200 units, 70% completed 31 Direct materials, 23,600 units 31 Direct labor 31 Factory Overhead 31 Goods transferred, 24.700 units 31 Bal 2 units, 30% completed 125,800 75,400 82,675 36,500 162.300 237,700 320,375 11,625 308,750 11,625 A. Determine the number of units in work in process inventory at the end of the B. Determine the number of whole units to be accounted for and to be assigned equivalent units of production for May. be accounted for and to be assigned costs and

Answer 1

A.

Units to be accounted for:
Beginning work in process	1,900
Started into production (15,800+1,200-1,900)	15,100
Total units	17,000
Units accounted for:
Completed and transferred out	15,800
Ending work in process	1,200
Total units	17,000

B.

	Equivalent units
Completed and transferred	15,800
Ending work in process	360 (1,200*30%)
Total units	16,160