Question: Please help with this question. Please answer all four questions. Thank you. Cost of Units Completed and in Process The charges to Work in Process-Assembly
Please help with this question. Please answer all four questions. Thank you.
Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department ? 72,360 To Finished Goods, 41,500 units 272,000 Bal., 9,000 units, 40% completed Direct materials, 40,000 units @ $6.80 Direct labor Factory overhead Bal., ? units, 30% completed 80,0001 40,450 Cost per equivalent units of $6.80 for Direct Materials and $3.00 for Conversion Costs. a. Based on the above data, determine the different costs listed below. 1. Cost of beginning work in process inventory completed this period $ 2. Cost of units transferred to finished goods during the period TOTO $ 3. Cost of ending work in process inventory $ 4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.)
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