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, 35% completed Direct materials, 47,000 units e $1.6 5,440 To Finished Goods, 46,000 units 75,200 Direct labor 114,200 44,410 Factory overhead Bal. 2 units, 45% completed 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. 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 %24 cent. b. Did the production costs change from the preceding period? Check My Work Previous Next
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, 35% completed Direct materials, 47,000 units e $1.6 5,440 To Finished Goods, 46,000 units 75,200 Direct labor 114,200 44,410 Factory overhead Bal. 2 units, 45% completed 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. 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 %24 cent. b. Did the production costs change from the preceding period? Check My Work Previous Next
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter6: Process Costing
Section: Chapter Questions
Problem 4MCQ: To record the transfer of costs from a prior process to a subsequent process, the following entry...
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