Computing equivalent units and assigning costs to completed units and ending work ¡n process; no beginning inventory or cost transferred in [30-45 min]
Beth Electronics makes CD players in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work in process on May 31. In mid-June, Beth Electronics started production on 101,000 CD players. Of this number, 76,900 CD players were assembled during June and transferred out to the Programming Department. The June 30 Work in process in the Assembly Department was 35% of the way through the assembly process. Direct materials costing $375,720 were placed in production in Assembly during June, and Direct labor of $157,500 and Manufacturing overhead of $98,505 were assigned to that department.
Requirements
1. Draw a time line for the Assembly Department.
2. Use the time line to help you compute the number of equivalent units and the cost per equivalent unit in the Assembly Department for June.
3. Assign total costs in the Assembly Department to (a) units completed and transferred to Programming during June and (b) units still in process at June 30.
4. Prepare a T-account for Work in process inventory—Assembly to show its activity during June, including the June 30 balance.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.