Explore BrainMass

Explore BrainMass

    Equivalent units and costs

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    King Company has two departments, assembly and finishing. Consider the following data for the Assembly Department:

    Units Percent Direct Direct
    Complete Material Labor Overhead Total

    Beginning work in process 1,000 90% 2,475
    Started during the month 9,000
    Completed during the month 7,500
    Ending work in process 2,500 60%

    Costs added during the month $11,700 $6,750 $4,050 $22,500

    (1) Compute the number of equivalent whole units for the Assembly Department.
    (2) Calculate the cost per equivalent whole unit.
    (3) Compute the amount of costs that should be transferred to the Finishing Department.
    (4) Compute the amount of costs that should be assigned to the 2,500 units in ending inventory.

    © BrainMass Inc. brainmass.com June 3, 2020, 8:25 pm ad1c9bdddf

    Solution Summary

    The solution explains how to calculate the equivalent units and the related costs