Lilac Corporation manufacturers lilac products. All goods pass through two processes: Assembly and Finishing. They use a process costing system to track their manufacturing costs. Lilac Corporation began the period with 9,900 physical units valued at $179,200. Of that amount, $70,200 relates to direct material costs.

During the period they began production an additional 16,000 units. During the production process, they incurred additional direct materials cost of $62,300, 9,610 direct labor hours, and 12,500 machine hours.

At the end of the period, 17,400 physical units were transferred to the Finishing process. The remaining units were 80% complete with respect to direct materials, and 60% complete with respect to the conversion process. All laborers were paid at a wage rate of $10.00 per house, and overhead costs are allocated using a predetermined overhead rate of $6.56 per machine hour. Using the information provided, please calculate the following amounts.

 Required

A. Per unit cost to complete the Assembly process

B. Ending Assembly work in process balance

C. Costs transferred to the Finishing work in process account 

Answer rating: 100% (QA)

A Per unit cost to complete the Assembly process Total cost of goods at the beginning of the period ... View the full answer