Question: Assembly: The company uses the weighted average method of process costing for this department. Materials are added at the beginning of the process. There is

Assembly: The company uses the weighted average method of process costing for this department.

  • Materials are added at the beginning of the process.
  • There is no spoilage in the assembly department.

Production information related to January:

  • Beginning work in process on January 1 was 70% complete as to conversion.
  • Ending work-in-process on January 31 was 40% complete as to conversion.
  • The beginning inventory on January 1 included $15,000 for materials and $6,000 for conversion costs.

Other information related to production in January for the Assembly Department:

Beginning work-in-process units 20,000

Units started this period 40,000

Units completed this period 52,000

Ending work-in-process units 8,000

Material costs added $44,000

Direct manufacturing labor added $16,000

Factory overhead applied $8,000

Please provide the following:

  • Physical flow
  • Equivalent units
  • Cost per equivalent unit
  • Cost assigned to units transferred out
  • Cost of abnormal spoilage (if applicable)
  • Cost assigned to units in ending work in process

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

They need a better and faster way to communicate this important information. Your goal is to create a spreadsheet that can be used by Weather Instruments to determine cost information required from...

Q:

all info is shown and clear 4 5 6 8 0 1 Silver Spoon Incorporated is a manufacturer of kitchen utensils. It produces all produ Direct materials are added at the beginning of the process. The...

Q:

The following is a summary of October 2020 testing department operations of Ommer company. Direct materials are added at 80% degree of completion. Conversion costs are added evenly during the...

Q:

A department had 12,500 units which were 20% complete in beginning Goods in Process Inventory. During the current period 60,000 units were transferred in. Ending Goods in Process Inventory was 15,000...

Q:

Group 7 Company uses the weighted average method of process costing. It had 3 0 , 0 0 0 units in beginning inventory, which were 8 0 % complete as to materials and 9 0 % complete as to conversion....

Q:

Please show Excell work steps Company uses the weighted average method of process costing. It had 70,000 units in beginning inventory, which ere 45% complete as to materials and 60% complete as to...

Q:

Please do it in Excel format, thank you Company uses the weighted average method of process costing. It had 70,000 units in beginning inventory, which ere 45% complete as to materials and 60%...

Q:

Use Excel Sheet formulas when answering the question. A company uses the weighted average method of process costing. It had 40,000 units in beginning inventory, which were 70% complete as to...

Q:

Put the Excel Formulas in the highlighted yellow cells A company uses the weighted average method of process costing. It had 40,000 units in beginning inventory, which were 70% complete as to...

Q:

Excel formulas needed. A Company uses the weighted average method of process costing. It had 30,000 units in beginning inventory, which were 80% complete as to materials and 65% complete as to...

Q:

Presented on the shown below are the comparative balance sheets for Nunez Company at December 31. Additional information: 1. Operating expenses include depreciation expense $65,000 and charges from...

Q:

Describe the path that water takes from the soil to a plant's evaporating surface.

Q:

According to research published by the Sloan Management Review, what is the most effective way for companies to achieve continuous movalion ore long term? A . Hire talented workers. B . Ask customers...

Q:

Computer Service and Repair was started five years ago by two college roommates. The company's comparative balance sheets and income statement are presented below, along with additional information....

Q:

Compute the future value in year 7 of a $2,000 deposit in year 1 and another $2,500 deposit at the end of year 4 using an 8 percent interest rate.

Q:

Compute the present value of an $850 payment made in 10 years when the discount rate is 12 percent.

Q:

The following excerpts were taken from the annual reports of a variety of companies: I. The companys reporting period ends on the Saturday closest to January 31(The Limited). 2. The consolidated...

Q:

Compute the value in 25 years of a $1,000 deposit earning 10 percent per year.

Q:

11.15 Management has stated that it will tolerate one stockout per year. The forecast of annual demand for a particular SKU is 100,000 units, and it is ordered in quantities of 10,000 units. The lead...

Q:

1. Set a personal goal for yourself in your work situation. Examine this goal in the light of the 10 factors to achieve goals.

Q:

4. Set up at least one work role that is important for you to master. Reflect on how you can use your time more efficiently, not necessarily spend more time, to perform better in this work role.

Q:

3. List four goals that are important to you. Then set up the roles that correspond to these goals. How will you shape your personal vision as a result of your goals and roles?