The charges to Work in Process-Baking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production.
|
Work in Process-Baking Department
|
|
Bal., 2,200 units, 30% completed
|
7,546
|
To Finished Goods, 15,900 units
|
?
|
|
Direct materials, 16,100 units
|
80,822
|
|
|
|
Direct labor
|
43,782
|
|
|
|
Factory overhead
|
22,554
|
|
|
|
Bal., 2,400 units, 70% completed
|
?
|
|
|
If required, round cost per equivalent unit answer to two decimal places.
a. Determine the number of whole units to be accounted for and to be assigned costs.?18300 units
b. Determine the number of equivalent units of production.?17580 units
c. Determine the cost per equivalent unit. ?______$ per equivalent unit
d. Determine the cost of the units transferred to Finished Goods.?______$
e. Determine the cost of units in ending Work in Process.?______$15008
6. Cost per Equivalent Unit: Average Cost Method
The following information concerns production in the Forging Department for April. The Forging Department uses the average cost method.
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ACCOUNT Work in Process-Forging Department
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ACCOUNT NO.
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|
Date
|
Item
|
Debit
|
Credit
|
Balance
|
|
Debit
|
Credit
|
|
April
|
1
|
Bal., 2,400 units, 20% completed
|
|
|
8,690
|
|
|
|
30
|
Direct materials, 55,400 units
|
321,320
|
|
|
330,010
|
|
|
|
30
|
Direct labor
|
135,200
|
|
|
465,210
|
|
|
|
30
|
Factory overhead
|
74,200
|
|
|
539,410
|
|
|
|
30
|
Goods transferred, 55,100 units
|
|
|
?
|
|
?
|
|
|
|
30
|
Bal., 2,800 units, 60% completed
|
|
|
|
?
|
|
|
a. Determine the cost per equivalent unit. Round your answer to the nearest cent.?______$ per equivalent unit
b. Determine the cost of the units transferred to Finished Goods.?______$
c. Determine the cost of units in ending Work in Process.?______$