ACCOUNTING
Warren, Reeve and Duchac
Financial Accounting
Managerial Accounting
Carl Warren, James M. Reeve, Jonathan E. Duchac
Chapter 20
EX 20-11 The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process—Assembly Department Bal., 4,000 units, 35% completed 9,590 To Finished Goods, 92,200 units ? Direct materials, 94,000 units @ $1.75 164,500 Direct labor 134,800 Factory overhead 52,020 Bal. ? units, 45% completed ?
Determine the following:
a. The number of units in work in process inventory at the end of the period.
b. Equivalent units of production for direct materials and conversion.
c. Costs per equivalent unit for direct materials and conversion.
d. Cost of the units started and completed during the period.
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