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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
Transcribed Image Text:Started and completed
28,000 V
28,000
28,000
Transferred to finished goods
29,600
28,000
29,040
Inventory in process, ending
Total units
Feedback
Check My Work
c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.
Costs Per Equivalent Unit
Direct Materials
$
Conversion
d. Cost of the units started and completed during the period.
Transcribed Image Text: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. ? 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
Whole Units
Direct Materials
Conversion
Inventory in process, beginning
1,600 V
1,040
Started and completed
28,000
28,000
28,000
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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