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The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred

The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $54,610 of direct materials.

ACCOUNT Work in Process—Forging Department ACCOUNT NO.
Date Item Debit Credit Balance
Debit Credit
Nov. 1 Bal., 4,300 units, 30% completed     58,738    
  30 Direct materials, 39,000 units 487,500     546,238    
  30 Direct labor 56,340     602,578    
  30 Factory overhead 77,805   ?   680,383    
  30 Goods finished, ? units     ?    
  30 Bal., 3,400 units, 60% completed     ?    

a.  Determine the number of units transferred to the next department.
 units

b.  Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places.

Cost per equivalent unit of direct materials $
Cost per equivalent unit of conversion $

c.  Determine the cost of units started and completed in November.
$

 

Sep 11 2020 View more View Less

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