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 $9,0 direct materials. ACCOUNT Work in Process-Forging Department Date Item Nov. 1 Bal., 900 units, 60% completed 30 Direct materials, 12,900 units 30 Direct labor Debit 123,840 21,650 16,870 Credit ? ACCOUNT NO. Balance Debit b. Cost of units transferred to the next department during November. s x 10,566 134,406 156,056 172,926 ? ? 30 Factory overhead 30 Goods transferred, 2 units 30 Bal., 1,400 units, 70% completed Based on the above data, determine each of the following amounts. If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar. a. Cost of beginning work in process inventory completed in November. $ X Credit c. Cost of ending work in process inventory on November 30. $ X d. Costs per equivalent unit of direct materials and conversion included in the November 1 beginning work in process. If required, round your answers to two decimal places.

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 $9,0 direct materials. ACCOUNT Work in Process-Forging Department Date Item Nov. 1 Bal., 900 units, 60% completed 30 Direct materials, 12,900 units 30 Direct labor Debit 123,840 21,650 16,870 Credit ? ACCOUNT NO. Balance Debit b. Cost of units transferred to the next department during November. s x 10,566 134,406 156,056 172,926 ? ? 30 Factory overhead 30 Goods transferred, 2 units 30 Bal., 1,400 units, 70% completed Based on the above data, determine each of the following amounts. If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar. a. Cost of beginning work in process inventory completed in November. $ X Credit c. Cost of ending work in process inventory on November 30. $ X d. Costs per equivalent unit of direct materials and conversion included in the November 1 beginning work in process. If required, round your answers to two decimal places.

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Description: Assignment is not graded. its for a study tool but cant get this figured out 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 co

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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