Accounting Problem Accounting, Finance, SPSS Essay (Essay Sample)

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Accounting Solution
17-21 Equivalent units, zero beginning inventory
1 Direct materials cost per unit ($800,000/5,000) $160.00
Conversion cost per unit ($805,000/5,000) $161.00
Assembly Department cost per unit = $160 + $161 =$321.00
Unit cost of an assembled camera in January is $ 321.00
2 A
Steps 1 and 2: Summarize Output in Physical Units and Compute Output in Equivalent Units;
Assembly Department of Candid, Inc. for February 2017.



(Step 2)


(Step 1)


Equivalent Units


Physical


Direct

Conversion

Flow of Production

Units


Materials

Costs

Work in process, beginning (given)0
Started during current period (given)5,000
To account for5,000
Completed and transferred out
during current period4,0004,0004,000
Work in process, ending* (given)1,000