Question: 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

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.

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 Solution

★★★★★

3.38 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

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

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

59-B-M-A-C-S-D (210).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred...

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...

The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are...

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 cost of...

12. EX.17.25 Cost per Equivalent Unit: Weighted average method The following information concerns production in the Forging Department for June. The Forging Department uses the Weighted average...

managerial accounting Print Item Cost per Equivalent Unit: Weighted average method The following information concerns production in the Forging Department for June. The Forging Department uses the...

Cost per Equivalent Unit: Weighted average method The following information concerns production in the Forging Department for June. The Forging Department uses the Weighted average method. ACCOUNT...

Cost per Equivalent Unit: Weighted average method The following information concerns production in the Forging Department for June. The Forging Department uses the weighted average method. ACCOUNT...

The following information concerns production in the Forging Department for June. The Forging Department uses the average cost method ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance...

Do you believe information overload is a problem for todays students? For managers or employees in an organization where you have worked? How might people deal with information overload?

Let G = (V, E) be a graph on n vertices. Let u, w be two vertices in G connected by a path. Prove that there is a path joining v to w of length at most n-1. [Hint: Use induction on n.] (b) For what...

determine the type of conic section 4 x ^ 2 + 4 x + y ^ 2 = 0

What are the TD Bank distribution channel opportunities?

Cost allocation is often the centerpiece of conflict that is resolved in court cases. The litigation usually involves the dispute over how costs are allocated to a product or product line that is of...

Write a note on Transaction Processing Systems (TPS) 1. The TPS is primarily used by senior management to build business trends: true or false? 2. TPS are generally used to a. capture and share data...

Discuss how you would integrate ERP systems internal and external across your entire organization or an organization of your choice? Describe how you would structure the implementation of your ERP...

1. What is ERP architecture? And what is necessary for ERP implementations to be Successful? 2. List 5 types of major functional modules of ERP and explain why it is necessary to have Good enterprise...

Stare at the image below and attempt to flip the stack of blocks upside down. If you cannot see a second perception, stare at the point where the three blocks come together and mentally pull the...

Melody Lovelady is the most highly rewarded sales representative at Swift Corporation. Her secret to success is always to understate her abilities. Ms. Lovelady is assigned to a territory in which...

Pam Kelly says she has no faith in budgets. Her company, Kelly Manufacturing Corporation, spent thousands of dollars to install a sophisticated budget system. One year later the companys expenses are...

What is a responsibility center?

1. 2. 3 What is the net present value of the following cash flows if the relevant discount rate is 7 bercent? $3,248.87 $2,861.62 $3,574.61 $2,311.92 A project has the following cash flows. What is...

The sample regression model is used to make inferences about an unobserved population with the following regression function (estimated through OLS): Yi = b0 + b1 Xi + ei where i = 1, 2, ..., n a....

can you give me a counter example when f : R 2 R that satisfies the hypothesis but does not satisfy the conclusion Consider the converse proposition of (6.1) given below: If 05\") is a convex set for...