Ling Company has two departments, assembly and finishing. Consider the following data for the Assembly Department:
Required:
1) Compute the number of total equivalent units for the Assembly Department.2) Calculate the cost per equivalent unit. (Round your answer to 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

Question

Ling Company has two departments, assembly and finishing. Consider the following data for the Assembly Department:
Required:
1) Compute the number of total equivalent units for the Assembly Department.2) Calculate the cost per equivalent unit. (Round your answer to 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

Quizplus · Accepted Answer

The Answer of Ling Company has two departments, assembly and finishing. Consider the following data for the Assembly Department:
Required:
1) Compute the number of total equivalent units for the Assembly Department.2) Calculate the cost per equivalent unit. (Round your answer to 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

Ling Company Has Two Departments, Assembly and Finishing