?Cost of Units Completed and in ProcessThe charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. Alldirect materials are placed in process at the beginning of production.Bal., 4,000 units, 30% completedDirect materials, 94,000 units @ $1.4Direct laborFactory overheadBal., ? units, 70% completedWork in Process-Assembly Department10,160 To Finished Goods, 92,000 units131,600280,400109,100Cost per equivalent units of $1.40 for Direct Materials and $4.10 for Conversion Costs.a. Based on the above data, determine the different costs listed below.1. Cost of beginning work in process inventory completed this period2. Cost of units transferred to finished goods during the period3. Cost of ending work in process inventory4. Cost per unit of the completed beginning work in process inventory (Rounded to thenearest cent.)0000

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Description: ?Cost of Units Completed and in ProcessThe charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. Alldirect materials are placed in process at the beginning of production.Bal., 4

Instead of recording expenses for each individual item, organizations that use process costing…

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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. A direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 4,000 units, 30% completed 10,160 To Finished Goods, 92,000 units Direct materials, 94,000 units @ $1.4 131,600 Direct labor Factory overhead Bal., 2 units, 70% completed Cost per equivalent units of $1.40 for Direct Materials and $4.10 for Conversion Costs. 280,400 109,100 a. Based on the above data, determine the different costs listed below. 1. Cost of beginning work in process inventory completed this period 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.)

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. A direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 4,000 units, 30% completed 10,160 To Finished Goods, 92,000 units Direct materials, 94,000 units @ $1.4 131,600 Direct labor Factory overhead Bal., 2 units, 70% completed Cost per equivalent units of $1.40 for Direct Materials and $4.10 for Conversion Costs. 280,400 109,100 a. Based on the above data, determine the different costs listed below. 1. Cost of beginning work in process inventory completed this period 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.)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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