Please answer all parts of the questions!!!!!! Show every step and be very speci

Question

Please answer all parts of the questions!!!!!!

Show every step and be very specific please!

^^^^^If what I put in is wrong please just correct it. ^^^^^^^^^

Requirements 1. 2. 3. Compute the equivalent units for direct materials and conversion costs Compute the cost per equivalent unit Assign the costs to units completed and transferred out and ending work in process inventory. Record the journal entry for the costs transferred out of the Assembly Department to the Testing Department. 4. 5. Post all of the transactions in the "Work in Process Inventory Assembly" T-account. What is the ending balance? Print Done

Explanation / Answer

Req 1: EQUIVALENT UNITS UNITS MATERIAL CONVERSION Completed and transferred out 15000 15000 15000 Ending WIP 8000 3000 6400 Tital physical units accounted for 23000 18000 21400 Rreq 2 MATERIAL CONVERSION Beginning Cot 0 0 Cost added during the period 9900 29960 Total cost 9900 29960 Equivalent units 18000 21400 Cost per unit 0.55 1.4 Req 3: Assigning cost: Material Conversion Total Complted and transferred out Equivalent units 15000 15000 Cost per unit 0.55 1.4 Total cost of units completed 8250 21000 29250 Ending WIP Equivalent units 3000 6400 Cost per unitt 0.55 1.4 Cost of Ending WIP 1650 8960 10610 Req 4: Journal Entry: Work in process- Testing Account Dr. 29250       Work in Process-assembly Account 29250 Req 5: WORK IN PROCESS-ASSEMBLY Balance 0 Work in Process-Testing 29250 Material 9900 Conversion 29960 Ending balance 10610

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.