The following information concerns production in the Forging Department for September. All direct materials are placed into

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The following information concerns production in the Forging Department for September. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $11,250 of direct materials.

ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Credit Debit Debit Credit Date Item Sept. 1 Bal., 750 uni

a. Determine the number of units transferred to the next department.
b. Determine the costs per equivalent unit of direct materials and conversion.
c. Determine the cost of units started and completed in September.

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Financial and Managerial Accounting Using Excel for Success

ISBN: 978-1111993979

1st edition

Authors: James Reeve, Carl S. Warren, Jonathan Duchac

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