The following information concerns production in the Finishing Department for July. The Finishing Department uses the weighted
Question:
The following information concerns production in the Finishing Department for July. The Finishing Department uses the weighted average cost method.
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 forJuly.
Transcribed Image Text:
ACCOUNT Work in Process-Finishing Department Date 1 31 31 31 31 31 tem Bal, 20,000 units, 40% completed Direct materials, 144,000 units Direct labor Factory overhead Goods transferred, 142,500 units Bal, ? units, 60% completed July 24,600 345,000 163,200 86,700 -578,550 40,950
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