Cost of Units Completed and in Process
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., 1,600 units, 35% completed 17,440 To Finished Goods, 29,600 units ?
Direct materials, 29,000 units @ $9.50 275,500
Direct labor 84,600
Factory overhead 39,258
Bal. ? units, 45% completed ?
a. Based on the above data, determine the different costs listed below.
1. Cost of beginning work in process inventory completed this period. $
2. Cost of units transferred to finished goods during the period. $
3. Cost of ending work in process inventory. $
4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent. $
b. Did the production costs change from the preceding period?
Yes
No
Yes
c. Assuming that the direct materials cost per unit did not change from the preceding period, did the The rate used to allocate costs between completed and partially completed production. conversion costs per equivalent unit increase, decrease, or remain the same for the current period?