The following information concerns production in the Finishing Department for March. The Finishing Department uses the average
Question:
a. Determine the number of units in work in process inventory at the end of the month.
b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production forMarch.
Transcribed Image Text:
ACCOUNT Work in Process-Finishing Department ACCOUNT NO Balance Date em Debit Credit Debit Credit Mar | Bal., 12,000 units, 40% 22,320 347,320 521,820 615,020 586,24028,780 28,780 completed 31 Direct materials, 125,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 128,000 units 31 | Bal., units, 70% completed 325,000 174,500 93,200
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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