The following information concerns production in the Finishing Department for March. The Finishing Department uses the average
Question:
The following information concerns production in the Finishing Department for March. The Finishing Department uses the average cost method.
a. Determine the number of units in work in process inventory at the end of the month.
b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production forMarch.
Transcribed Image Text:
ACCOUNT Work in Process-Finishing Departmenit ACCOUNT NO Balance Date Item Debit Credit Debit Credit Mar Bal., 14,000 units, 40% completed 31 Direct materials, 103,000 units 240,000 31 Direct labor 31 Factory overheacd 31 Goods transferred, 89,500 units 31 | Bal.,-units, 60% completed 38,000 278,000 346,000 386,800 304,842 81,958 81,958 68,000 40,800
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a Units in process March 1 14000 Units placed into production for March 103000 Less units finis...View the full answer
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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