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 the beginning of production. Work in Process-Assembly Department Bal., 7,000 units, 75% completed Direct materials, 165,000 units @ $1.91 Direct labor Factory overhead Bal., 2 units, 65% completed. Cost per equivalent units of $1.90 for Direct Materials and $2.00 for Conversion Costs. 23,275 To Finished Goods, 161,000 units 313,500 234,600 91,200 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.) b. Did the production costs change from the preceding period? 0000 c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain the same for the current period?

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 the beginning of production. Work in Process-Assembly Department Bal., 7,000 units, 75% completed Direct materials, 165,000 units @ $1.91 Direct labor Factory overhead Bal., 2 units, 65% completed. Cost per equivalent units of $1.90 for Direct Materials and $2.00 for Conversion Costs. 23,275 To Finished Goods, 161,000 units 313,500 234,600 91,200 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.) b. Did the production costs change from the preceding period? 0000 c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain the same for the current period?

Name: A-6 Cost of Units Completed and in ProcessThe charges to Work in Proce
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Description: A-6 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. All direct materials are placed in process atthe beginning of production.Work

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 6BE: The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus...

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