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Bacon Manufacturing Company Has Two Departments, Assembly and Finishing

Question 143

Essay

Bacon Manufacturing Company has two departments, Assembly and Finishing. Consider the following data for the Finishing Department for April:
Required:
1) Compute the equivalent whole units for the Finishing Department.2) Compute the number of equivalent whole 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. Bacon Manufacturing Company has two departments, Assembly and Finishing. Consider the following data for the Finishing Department for April: Required: 1) Compute the equivalent whole units for the Finishing Department.2) Compute the number of equivalent whole 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.

Correct Answer:

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1) Equivalent whole units = ($35,000 + $...

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