Question: b. An equivalent units calculation Total Equivalent Units Direct Materials fill in the blank 5d5687ffafdcf8d_1 Conversion Costs fill in the blank 5d5687ffafdcf8d_2 Transferred In fill
b. An equivalent units calculation
| Total Equivalent Units | |
| Direct Materials | fill in the blank 5d5687ffafdcf8d_1 |
| Conversion Costs | fill in the blank 5d5687ffafdcf8d_2 |
| Transferred In | fill in the blank 5d5687ffafdcf8d_3 |
c. Calculation of unit costs. If required, round your intermediate computations and final answer to four decimal places and use the rounded answer in subsequent computations. $fill in the blank 5d5687ffafdcf8d_4 per unit
d. Compute the following. For interim computations, carry amounts out to four decimal places. Round your final answers to the nearest dollar. Cost of ending work in process: $fill in the blank 5d5687ffafdcf8d_5 Cost of goods transferred out: $fill in the blank 5d5687ffafdcf8d_6
e. A cost reconciliation. When necessary, round equivalent cost per unit to four decimal places, and round all other amounts to the nearest dollar.
| Costs to account for: | |
|---|---|
| Beginning work in process | $fill in the blank 5d5687ffafdcf8d_7 |
| Costs incurred | fill in the blank 5d5687ffafdcf8d_8 |
| Total costs to account for | $fill in the blank 5d5687ffafdcf8d_9 |
| Costs accounted for: | |
|---|---|
| Transferred out | $fill in the blank 5d5687ffafdcf8d_10 |
| Ending work in process | fill in the blank 5d5687ffafdcf8d_11 |
| Total costs accounted for | $fill in the blank 5d5687ffafdcf8d_12 |
Note: Cost reconciliation totals differ by $1 due to rounding error.
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3. Read the problem carefully. There are some differences in how the material additions are accounted for.
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Prepare journal entries that show the flow of manufacturing costs for the Assembly Department. (a) Materials are added at the end of the process, (b) conversion costs are recorded, and (c) the units are transferred to Finished Goods.
| (a) | Accounts PayableCashConversion Costs-ControlMaterials InventoryWork in Process-AssemblyWork in Process-Assembly | Work in Process-Assembly | |
| Accounts PayableCashCost of Goods SoldFinished GoodsMaterials InventoryMaterials Inventory | Materials Inventory | ||
| (b) | Accounts PayableCashConversion Costs-ControlMaterials InventoryWork in Process-AssemblyWork in Process-Assembly | Work in Process-Assembly | |
| Accounts PayableCashConversion Costs-ControlCost of Goods SoldFinished GoodsConversion Costs-Control | Conversion Costs-Control | ||
| (c) | Accounts PayableCashConversion Costs-ControlFinished GoodsMaterials InventoryFinished Goods | Finished Goods | |
| Accounts PayableCashCost of Goods SoldFinished GoodsWork in Process-AssemblyWork in Process-Assembly | Work in Process-Assembly |
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