The following information concerns production in the Forging Department for September. The Forging Department uses the average
Question:
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.
Transcribed Image Text:
ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date ltem Debit Credit Debit Credit Sept. | 1 | Bal., 5,500 units, 4096 completed 30 Direct materials, 36,000 units 284,400 30 Direct labor 30 Factory overheacd 30 Goods transferred, 38,300 units 53,000 337,400 420,785 504,491 83,385 83,706 30 | Bal, 3,200 units, 30% completed
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a b Cost of units transferred to Finished Goods 492155 38300 units 1285 c Cost of units in e...View the full answer
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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