Ling Company has two departments,assembly and finishing.Consider the following data for the Assembly Department:

\begin{array}{|l|c|c|c|c|c|c|}\hline && \underline { \text { \% } }& \underline { \text { Direct } }& \underline { \text { Direct } } \\& \underline { \text {Units } }& \underline { \text { Complete } }& \underline { \text { Material } }& \underline { \text { Labor} }& \underline { \text {Overhead } }& \underline { \text { Total } }\\\hline \text { Begining work in process } & 2,000&\%90 &&&&\$2475\\\hline \text { Started during the month } & 18,000 \\\hline \text { Completed during the month } & 15,000 \\\hline \text { Ending work in process } & 5,000 &\%60\\\hline \text { Costs added during month } &&&\$ 11,700 & \$ 6,750 & \$ 4,050 & \$ 22,500\\\hline\end{array}

Required:
1)Compute the number of total equivalent whole units for the Assembly Department.
2)Calculate the cost per equivalent whole unit.(Round your answer to 4 four decimal places. )
3)Compute the amount of costs that should be transferred to the Finishing Department.(Round your answer to the nearest cent. )
4)Compute the amount of costs that should be assigned to the 2,500 units in ending inventory.(Round your answer to the nearest cent. )
Do you want to use "whole"?
See wording change.JMF

Link Company Uses a Process Cost System and the Weighted

Multiple Choice

Correct Answer:VerifiedUnlock this answer nowGet Access to more Verified Answers free of chargeAccess For Free

Correct Answer:
Verified
Unlock this answer now
Get Access to more Verified Answers free of charge