nu Help Save & Exlt Submit Data concerning a recent period\'s activity in the As
ID: 2339787 • Letter: N
Question
nu Help Save & Exlt Submit Data concerning a recent period's activity in the Assembly Department, the first processing department in a company that uses the FIFO method in its process costing, appear below: 3,300 670 160 1,260 1.40 s 0.70 ng of the per Equivalent unita in the ending work in process inventory Equivalent units required to complete the beginning work in process inventory Cost per equivalent unit for the period 340 S80 A total of 25,300 units were completed and transferred to the next processing department during the period. Beginning work In process inventory consisted of 2,800 units and ending work in process inventory consisted of 2,000 units. Required: 1. Compute the Assembly Department's cost of ending work in process inventory for materials, conversion, and in total for the period. 2. Compute the Assembly Department's cost of units transferred out to the next department for materials, conversion, and In total for the period. 2. Cost of the un Prev 6 of 14 Next >Explanation / Answer
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unit transfered out from current production = units transfered out - beginning WIP
= 25300-2800
= 22500
Formula Material conversion Total cost of ending WIP equivalent unit for ending WIP*equivalent cost per unit 340*1.4=476 160*.7=112 588 Cost of unit transfered out 35612 17302 52914Related Questions
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