The following information concerns production in the Forging Department for April. The Forging Department uses the weighted

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The following information concerns production in the Forging Department for April. The Forging Department uses the weighted 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 units in the ending Work inProcess.

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Survey of Accounting

ISBN: 978-1133189121

6th edition

Authors: Carl S Warren

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Question Posted: Feb 04, 2014 07:52 AM

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The following information concerns production in the Forging Department for April. The Forging Department uses the weighted

Question:

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

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