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

question 60

Essay

Bacon Manufacturing Company has two departments,Assembly and Finishing.Consider the following data for the Finishing Department for April:
$\begin{array}{|l|c|c|c|c|c|c|}\hline&&\text { Transferred- }&\text { Direct}&\text { Direct }\\&\text { Units }&\text { in }&\text { Material }&\text { Labor}&\text { Overhead}&\text { Total }\\\hline \text { Beginning work in process } & & & &&& \$ 35,000 \\\hline \text { Started during the month } & & & & \\\hline \text { Completed during the month } & 18,000 & & & \\\hline \text { Ending work in process ( } ? \% \text { complete) } & 12,000 & & \\\hline \text { Costs added during month } & & \$ 300,000 & \$ 100000 & \$60,600 & \$ 40,000 & \text { \$ } 500,000 \\\hline\text { Cost per equivakent unit }&&&&&&\$20,000\\\hline\end{array}$

Required:
1)Compute the equivalent units for the Finishing Department using the weighted average method.
2)Compute the number of equivalent 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 to one decimal place.)
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:

Preparing Food

The process of making food ready for consumption, including tasks such as washing, cutting, cooking, and seasoning.

Going to Work

The act of performing duties or activities for employment or occupation, usually outside the home.

Managing Personal Finances

The practice of budgeting, saving, investing, spending, and overseeing the financial resources of an individual or family.

ADLs

Activities of Daily Living; routine activities people do every day without needing assistance, including eating, bathing, dressing, toileting, walking, and continence.