The following information concerns production in the Forging Department for June. The Forging Department uses the average

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The following information concerns production in the Forging Department for June. The Forging Department uses the average cost method.

a. Determine the cost per equivalent unit.b. Determine the cost of the units transferred to Finished Goods.c. Determine the cost of ending Work inProcess.

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Question Posted: Oct 20, 2011 09:43 AM

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The following information concerns production in the Forging Department for June. The Forging Department uses the average

Question:

ACCOUNT Work Date in Process-Forging Department Item Bal., 2,000 units, 40% completed Direct materials, 46,200 units June 1 9,120 324,800 30 30 30 30 30 137,045 Factory overhead Goods transferred, 45,900 units Bal., 2,300 units, 70% completed 75,400

Step by Step Answer:

a 9120 324800 137045 75400 b Cost of units transferred to Finished Goods 527850 45900 units 1150 ...View the full answer

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