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Cost per Equivalent Unit: Average Cost Method The following information concerns production in the Forging Department...
Cost per Equivalent Unit: Average Cost Method The following information concerns production in the Forging Departme...
Cost per Equivalent Unit: Average Cost Method The following information concerns production in the Forging Department for April. The Forging Department uses the average cost method. ACCOUNT Work In Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit April 1 Bal., 2,300 units, 10% completed 9,852 30 Direct materials, 53,100 units 350,460 360,312 30 Direct labor 151,900 512,212 30 Factory overhead 83,300 595,512 30 Goods transferred, 52,800 units 30 Bal., 2,600 units, 90% completed a. Determine the cost...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $9,000 of direct materials. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Nov. 1 Bal., 900 units, 60% completed 10,566 30 Direct materials, 12,900 units 123,840 134,406 30 Direct labor 21,650 156,056...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $43,050 of direct materials. ACCOUNT Work in Process—Forging Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Nov. 1 Bal., 3,500 units, 60% completed 51,030 30 Direct materials, 32,000 units 387,200 438,230 30 Direct labor 52,870 491,100...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $93,840 of direct materials. ACCOUNT Work in Process—Forging Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Nov. 1 Bal., 6,900 units, 40% completed 104,052 30 Direct materials, 63,000 units 837,900 941,952 30 Direct labor 104,520 1,046,472...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $50,040 of direct materials. ACCOUNT Work in Process—Forging Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Nov. 1 Bal., 3,600 units, 80% completed 60,120 30 Direct materials, 33,000 units 452,100 512,220 30 Direct labor 50,550 562,770...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $66,330 of direct materials. ACCOUNT Work in ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Nov. 1 Ba, 6,700 units, 40% completed 30 Direct materials, 61,000 units 30 Direct labor 30 Factory overhead 30 Goods finished, 2...
Costs per Equivalent Unit and Production Costs The following information concerns production in the Forging Department...
Costs per Equivalent Unit and Production Costs The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $9,000 of direct materials. ACCOUNT Work in Process—Forging Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Nov. 1 Bal., 900 units, 60% completed 10,566 30 Direct materials, 12,900 units 123,840 134,406 30 Direct...
Costs per Equivalent Unit and Production Costs The following information concerns production in the Forging Department...
Costs per Equivalent Unit and Production Costs The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $9,000 of direct materials. ACCOUNT Work in Process—Forging Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Nov. 1 Bal., 900 units, 60% completed 10,566 30 Direct materials, 12,900 units 123,840 134,406 30 Direct...
Cost per Equivalent in The following information concerns production in the Forging Department for November. All di...
Cost per Equivalent in The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout th inventory consists of 143,050 of direct materials. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Duterem Credit Debit Credit Debit Now. 1 Bal 3.500 , 60completed 51.000 30 Direct materials, 32.000 units 387,200 20 Dec labor 52,870 30 Factory overhead 73,022 20 Goods finished units...
Costs per Equivalent Unit and Production Costs The following information concerns production in the Forging Department f...
Costs per Equivalent Unit and Production Costs The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $9,000 of direct materials. ACCOUNT Work in Process—Forging Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Nov. 1 Bal., 900 units, 60% completed 10,566 30 Direct materials, 12,900 units 123,840 134,406 30 Direct...
Cost per Equivalent Unit: Average Cost Method The following information concerns production in the Forging Department for April. The Forging Department uses the average cost method. ACCOUNT Work In Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit April 1 Bal., 2,300 units, 10% completed 9,852 30 Direct materials, 53,100 units 350,460 360,312 30 Direct labor 151,900 512,212 30 Factory overhead 83,300 595,512 30 Goods transferred, 52,800 units 30 Bal., 2,600 units, 90% completed a. Determine the cost...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $9,000 of direct materials. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Nov. 1 Bal., 900 units, 60% completed 10,566 30 Direct materials, 12,900 units 123,840 134,406 30 Direct labor 21,650 156,056...
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $66,330 of direct materials. ACCOUNT Work in ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Nov. 1 Ba, 6,700 units, 40% completed 30 Direct materials, 61,000 units 30 Direct labor 30 Factory overhead 30 Goods finished, 2...
Cost per Equivalent in The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout th inventory consists of 143,050 of direct materials. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Duterem Credit Debit Credit Debit Now. 1 Bal 3.500 , 60completed 51.000 30 Direct materials, 32.000 units 387,200 20 Dec labor 52,870 30 Factory overhead 73,022 20 Goods finished units...
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