The following information concerns production in the Finishing Department for July. The Finishing Department uses the weighted

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The following information concerns production in the Finishing Department for July. The Finishing Department uses the weighted average cost method.

ACCOUNT Work in Process-Finishing Department Date Item July 1 Bal., 20,000 units, 40% completed 24,600 31 Direct materials, 144,000 units started 345,000 31 Direct labor 163,200 31 Factory overhead 86,700 31 Goods transferred, 142,500 units -578,550 31 Bal., ? units, 60% completed 40,950


a. Determine the number of units in work-in-process inventory at the end of the month.

b. Determine the number of units to be accounted for and to be assigned costs and the equivalent units of production for July.

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Survey Of Accounting

ISBN: 9780357132593

9th Edition

Authors: Carl S. Warren, Amanda Farmer

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