Reference no: EM131582387

Assessment Part 1: Computing Unit Cost for Department and For Completed Units with Beginning Inventory                                                                                                                                                                                  

Central Manufacturing has two production departments. Finishing had 2,000 units in process at the beginning of the period, three-fifths complete. During the period, 14,000 units were received from assembly, 13,000 units were transferred to the finished goods storeroom, and 3,000 units were in process at the end of the period, two-thirds complete. The cost of the beginning work in process was:

Cost in assembly	$12,000
Cost in finishing:
Materials	600	700
Labor	1,500	1800
Factory overhead	900	1000
Costs During the Month
Cost of goods received from assembly	$84,000
Cost in finishing:
Materials	4,800	5500
Labor	15,000	17500
Factory overhead	9,600	10000

Considering this information, determine (a) the unit cost for the month in finishing, (b) the total cost of the products transferred to finished goods, (c) the total cost of the ending work-in-process inventory.

Assessment Part 2: Calculating Equivalent Units                                                                              

Central Manufacturing Company uses an average cost processing system. All materials are added at the start of the production process. Labor and overhead are added evenly at the same rate.                                     

Entry	Units
Beginning work in process May 1 (50% completed)	1,000
Started in May	5,000
Completed and transferred	4,000

On May 31, work is 75% completed as to labor and factory overhead. With that in mind, calculate equivalent units for (a) direct materials and (b) labor and overhead.

Attachment:- Assignment.rar