Bacon Manufacturing Company Has Two Departments,Assembly and Finishing Required:
1)Compute the Equivalent Whole Units for the Finishing Department

question 123

Essay

Bacon Manufacturing Company has two departments,Assembly and Finishing.Consider the following data for the Finishing Department for April 2014: $\begin{array}{l|c|c|c|c|c|c|}\hline&& \underline {\text { Transferted-} }& \underline {\text {Direct} }& \underline {\text { Direct} }\\& \underline {\text {Units }}& \underline {\text {in}}& \underline {\text {Material }}& \underline {\text {Labor }}& \underline {\text {Overhead }}& \underline { \text {Total} }\\\hline \text { Beginuing work in process } & &&&&&\$ \quad 35,000\\\hline \text { Started during the month } & \\\hline \text { Completed during the month } & 18,000 \\\hline \text { Ending work in process } & 12,000\\\hline \text { Costs added during month } & & \$ 300,000 & \$ 100,000 & \$60,000 & \$ 40,000 & \$ 500,000\\\hline \text { Cost per equivabent unit } &&&&&&\$ \quad 20.00\\\hline\end{array}$ Required:
1)Compute the equivalent whole units for the Finishing Department.
2)Compute the number of equivalent whole units for the department's ending inventory.
3)At what state of completion (percentage)are the units in the department's ending inventory? (State your answer in a percentage and round it Round your answer to one decimal place. )(i.e.24.6%).
4)Compute the amount of cost that should be transferred out.
5)Compute the cost that should be assigned to the department's ending inventory.

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Definitions:

Candy

A sweet confection made from sugar or chocolate and often flavored with fruits, nuts, or other ingredients.

Exchange Equilibrium

A situation in a market where the quantity demanded by consumers is equal to the quantity supplied by producers, leading to a stable price.

Marginal Rates

Rates that apply to the next level of consumption, production, or income, often used in taxation to refer to the percentage of tax applied to the next dollar earned.

Indifference Curves

Graphical representations used in microeconomics to show different combinations of two goods that provide the same level of utility or satisfaction to an individual.