Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 16 Aug 2017 My Price 8.00

Gifford, Inc

6-38    Weighted-Average Method Gifford, Inc. produces a single model of a popular cell phone in large quantities. A single cell phone moves through two departments, assembly and testing. The manufac- turing costs in the assembly department during March follow:

 

 

 

Direct materials added

$187,500

Conversion costs

165,410

 

$352,910

 

The assembly department has no beginning work-in-process inventory. During the month, it started 25,000 cell phones, but only 22,000 were fully completed and transferred to the testing depart- ment. All parts had been made and placed in the remaining 3,000 cell phones, but only 60 percent of the conversion had been completed. The company uses the weighted-average method of process costing to accumulate product costs.

 

Required

1.    Compute the equivalent units and cost per equivalent unit for March in the assembly department.

2.    Compute the costs of units completed and transferred to the testing department.

3.    Compute the costs of the ending work-in-process.

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Aug 2017 09:08 PM My Price 8.00

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