In April,the Assembly Department's Beginning Work in Process Was 10,000

question 75

Essay

In April,the Assembly Department's beginning work in process was 10,000 units.During the month,40,000 units were transferred to the Finishing Department.The Assembly Department had 20,000 units that were 60% complete in its ending work in process.The Finishing Department had zero beginning inventory in April.The Assembly Department's total product costs for April were $260,000.
Required:
(A)Calculate the number of equivalent units for the Assembly Department using the weighted average method.
(B)Calculate the cost per equivalent unit.
(C)Determine the cost of the goods transferred to the Finishing Department.
(D)Determine the cost of the Assembly Department's ending work in process.

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Definitions:

Lease Payments

The payments made under a lease agreement to the lessor for the use of an asset over a specified period.

Guaranteed Rate

A predetermined interest rate assured by a lender or issuer to the borrower or investor over a certain period.

Discount Factor

A multiplier used in financial calculations to determine the present value of future cash flows or payments.

Profitability Index

A financial metric comparing the present value of future cash flows generated by a project to its initial investment cost, used in capital budgeting.