Question

Refer to requirement 1 in Problem 5- 30. Prepare summary T- account entries for the use of direct materials and incurrence of conversion costs and to transfer out the cost of goods completed.
In Problem 5- 30



aDegree of completion: direct materials, 100%; conversion costs, 40%.
bDegree of completion: direct materials, 100%; conversion costs, 5%.

Required
1. Summarize total assembly department costs for April 2013, and assign total costs to units completed (and transferred out) and to units in ending work in process.
2. What issues should the manager focus on in regard to the equivalent-unitscalculation?


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  • CreatedJanuary 15, 2015
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