Question: ACCOUNT Work in ProcessForging Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Nov. 1 Bal., 900 units, 60% completed 10,566 30 Direct materials,
| ACCOUNT Work in ProcessForging Department | ACCOUNT NO. | ||||||||
| Date | Item | Debit | Credit | Balance | |||||
| Debit | Credit | ||||||||
| Nov. | 1 | Bal., 900 units, 60% completed | 10,566 | ||||||
| 30 | Direct materials, 12,900 units | 123,840 | 134,406 | ||||||
| 30 | Direct labor | 21,650 | 156,056 | ||||||
| 30 | Factory overhead | 16,870 | 172,926 | ||||||
| 30 | Goods transferred, ? units | ? | ? | ||||||
| 30 | Bal., 1,400 units, 70% completed | ? | |||||||
Cost per equivalent units of $9.60 for Direct Materials and $3.00 for Conversion Costs.
Based on the above data, determine each of the following amounts.
If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar.
a. Cost of beginning work in process inventory completed in November. $fill in the blank 1
b. Cost of units transferred to the next department during November. $fill in the blank 2
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