Question: Problem16-1 Assembly Department Units: Work in process, June 30 -0- Started during July 2,400 units Completed and transferred to Finishing Department 2,000 units Work in

Problem16-1 Assembly Department

Units:

Work in process, June 30

-0-

Started during July

2,400 units

Completed and transferred to Finishing Department

2,000 units

Work in process, July 31

100% complete, materials

50% complete, conversion costs

400 units

Costs:

Materials

$63,000

Conversion costs

121,000

Process Costing - Chapter 20 Name _____________________________

Problem 16-1

P [Physical Units]

Primary

Secondary (transferred to)

WIP - (units) Assembly

WIP - (costs) Assembly

WIP - Finishing

  1. [Equivalent Units]

DM CC

  1. [Costs]

  1. [Unit Costs]

  1. [Assignment of Costs]

DM CC

FG (trans out)

WIP

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 General Management Questions!

Q:

Problem 16-1 Assembly Department LO Units: Work in process, June 30 Started during July Completed and transferred to Finishing Department Work in process, July 31 100% complete, materials 50%...

Q:

Problem 16-1 Assembly Department LO Units: Work in process, June 30 Started during July Completed and transferred to Finishing Department Work in process, July 31 100% complete, materials 50%...

Q:

Please help solve, showing work will be helpful! Plum Pastries uses a mixing department and a baking department in producing its cake. Its process-costing system in the mixing department has two...

Q:

Would like to know how to find cost assigned to work in process june 30. Answer is 24400 Do It! Review 16-1 Your answer is correct. Indicate whether each of the following statements is true or false....

Q:

: Four steps to prepare a production cost report MIXING DEPARTMENT Units Work in process, June 1 Direct materials: 100% complete Conversion costs: 70% complete Units started into production during...

Q:

The Lester Change Manufacturing Company paints wood-imported products. The following are the production data for July: Work in Process Painting S 8,900 7,000 2,500 July 1 Balance July 31 Transferred...

Q:

Vaasa Chemicals has a Mixing Department and a Refining Department. The following information refers to the Mixing Department: Units: Work in Process July 1 0 Units Started 80,000 Completed and...

Q:

Healthcheck Corp. manufactures an antacid product that passes through two departments. Data for June for the first department follow. Work in process, June 1 Litres started in process Litres...

Q:

Brady Products manufactures a silicone paste wax that goes through three processing departments-Cracking, Blending, and Packing. All raw materials are introduced at the start of work in the Cracking...

Q:

Healthcheck Corp. manufactures an antacid product that passes through two departments. Data for June for the first department follow: Work in process, June 1 Litres started in process Litres...

Q:

Calculate the missing values for the promissory notes described Face Issue date Interest rate (96) Date of sale Discount rate (96) Proceeds (S) 9075.40 value (S) Term 8 91 days Sept 1 9000 July 28

Q:

Look again at the set of efficient portfolios that we calculated in Section 8.1. a. If the interest rate is 10 percent, which of the four efficient portfolios should you hold? b. What is the beta of...

Q:

Journalize the entry to record amortization expense given the following Research & Development $ 2 5 0 , 0 0 0 Filing Fees $ 1 0 , 0 0 0 Purchase Price $ 2 0 , 0 0 0 Successful Legal Defense $ 2 0 ,...

Q:

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...