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28 Sep 2019
12. EX.17-12.ALGO
Cost of Units Completed and in Process
The charges to Work in ProcessâAssembly Department for a period,together with information concerning production, are as follows.All direct materials are placed in process at the beginning ofproduction.
Work inProcessâAssembly Department Bal., 3,000 units, 50%completed 7,350 To Finished Goods,69,000 units ? Direct materials,71,000 units @ $1.3 92,300 Direct labor 126,000 Factory overhead 49,000 Bal. ? units, 50%completed ?
Cost per equivalent units of $1.30 for Direct Materials and$2.50 for Conversion Costs.
a. Based on the above data, determine thedifferent costs listed below.
If required, round your interim calculations to two decimalplaces.
1. Cost of beginning work in process inventory completed thisperiod. $ 2. Cost of units transferred to finished goods during theperiod. $ 3. Cost of ending work in process inventory. $ 4. Cost per unit of the completed beginning work in processinventory, rounded to the nearest cent.
12. EX.17-12.ALGO
Cost of Units Completed and in Process
The charges to Work in ProcessâAssembly Department for a period,together with information concerning production, are as follows.All direct materials are placed in process at the beginning ofproduction.
Work inProcessâAssembly Department | |||
---|---|---|---|
Bal., 3,000 units, 50%completed | 7,350 | To Finished Goods,69,000 units | ? |
Direct materials,71,000 units @ $1.3 | 92,300 | ||
Direct labor | 126,000 | ||
Factory overhead | 49,000 | ||
Bal. ? units, 50%completed | ? |
Cost per equivalent units of $1.30 for Direct Materials and$2.50 for Conversion Costs.
a. Based on the above data, determine thedifferent costs listed below.
If required, round your interim calculations to two decimalplaces.
1. Cost of beginning work in process inventory completed thisperiod. | $ |
2. Cost of units transferred to finished goods during theperiod. | $ |
3. Cost of ending work in process inventory. | $ |
4. Cost per unit of the completed beginning work in processinventory, rounded to the nearest cent. |
Beverley SmithLv2
28 Sep 2019