Homework Help Question & Answers

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 informa

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 Direct Materials and $3.40 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. 41,920 2. Cost of units transferred to finished goods during the period. $ 3. Cost of ending work in process inventory. $ 4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent. b. Did the production costs change from the preceding period? Yes
0 0
Next > < Previous
ReportAnswer #1

1.

= 8,000 X 70% X $3.40

= $19,040

2.

= (184,000 - 8,000) X ($1.90 + $3.40) + $19,040 + $22,880

= $974,720

3.

Units in ending work in process:

= 8,000 + 188,000 - $184,000

= 12,000

= (12,000 X $1.90) + (12,000 X 25% X $3.40)

= $33,000

4.

= ($22,880 + $19,040) / 8,000

= $5.24

b.

Yes

Know the answer?
Add Answer to:
please help! Cost of Units Completed and in Process The charges to Work in Process-Assembly Department...
Your Answer: Your Name: What's your source?
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, 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, 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...

  • 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., 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, 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...

  • 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...

  • Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...

    Equivalent Units of Production and Related Costs 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, 60% completed 23,360 To Finished Goods, 184,000 units ? Direct materials, 188,000 units @ $1.90 357,200 Direct labor 236,100 Factory overhead 91,860 Bal., ? units, 25% completed ? Determine the following: a. The number of units...

  • 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., 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...

Free Homework 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.