The Assembly Department of Best Surge Protectors began September with no work in process inventory. During the
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Requirements
1. Compute the equivalent units for direct materials and conversion costs.
2. Compute the cost per equivalent unit.
3. Assign the costs to units completed and transferred out and ending work in process inventory.
4. Record the journal entry for the costs transferred out of the Assembly Department to the Testing Department.
5. Post all of the transactions in the “Work in Process Inventory—Assembly” T-account. What is the ending balance?
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Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
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