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Super Co
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Super Co. manufactured 10,000 units and reported the following information for December: Direct materials Direct labor Manufacturing overhead Beginning work in process inventory Ending work in process inventory $36,000 24,000 35,000 27,000 28,000 The prime cost per unit is: a. $3.50. b. $5.90 c. $6.00. d. $3.60.
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Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department 1,050 units, 55% 350 units, 30% completed completed Work in process, July 1 Completed and transferred to next processing department during July 16,800 units 16,400 units Work in process, July 31 800 units, 60% completed 500 units, 20% completed Each department uses the average cost method. a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department. Whole units units Equivalent units of production units b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department. Whole units units Equivalent units of production units
Expert Solution
- please see find attached.
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a. Drawing department [Refer working note 1] Whole units 17,600 Equivalent units of production 17,280 b. Winding department [Refer working note 2] Whole units 16,900 Equivalent units of production 16,500 .
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Working note 1 - Drawing department
New units’ introduced + Beginning inventory = Units completed and transferred out + Ending inventory
= 16,800 units + 800 units
= 17,600 units
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Whole units to be accounted for = New units introduced + Beginning inventory = 17,600 units
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Equivalent units of production = Units transferred out + (Units in ending inventory × Percentage of completion)
= 16,800 units + (800 units x 60%)
= 16,800 units + 480 units
= 17,280 units
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Working note 2 - Winding department
New units’ introduced + Beginning inventory = Units completed and transferred out + Ending inventory
= 16,400 units + 500 units
= 16,900 units
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Whole units to be accounted for = New units introduced + Beginning inventory = 16,900 units
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Equivalent units of production = Units transferred out + (Units in ending inventory × Percentage of completion)
= 16,400 units + (500 units x 20%)
= 16,400 units + 100 units
= 16,500 units
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