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., 1,600 units, 35% completed 17,440 To Finished Goods, 29,600 units Direct materials, 29,000 units @ $9.50 275,500 84,600 39,258 Direct labor Factory overhead Bal. 2 units, 45% completed Determine the following: a. The number of units in work in process inventory at the end of the period. 1,000 V units Feedback b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Equivalent Units Equivalent Units Conversion Whole Units Direct Materials Inventory in process, beginning 1,600 1,040 V 28,000 28,000 V 28,000 Started and completed
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., 1,600 units, 35% completed 17,440 To Finished Goods, 29,600 units Direct materials, 29,000 units @ $9.50 275,500 84,600 39,258 Direct labor Factory overhead Bal. 2 units, 45% completed Determine the following: a. The number of units in work in process inventory at the end of the period. 1,000 V units Feedback b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Equivalent Units Equivalent Units Conversion Whole Units Direct Materials Inventory in process, beginning 1,600 1,040 V 28,000 28,000 V 28,000 Started and completed
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 10E: Costs per equivalent unit Georgia Products Inc. completed and transferred 89,000 particle board...
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So as you can see i have most of it done. What is left blank is what i need help with. If only what is left blank can be answered that would be great. Plesze and thanksss
Expert Solution
Step 1
a. Unit Reconciliation:
Particulars | Units |
Beginning WIP | 1600 |
Started during the month | 29000 |
Unit to be accounted for | 30600 |
Completed and transferred out units | 29600 |
Ending WIP (30600-29600) | 1000 |
Unit accounted for | 30600 |
Therefore the work in progress inventory at the end of the period is 1000 units
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