ACCT 2012 – Butler Company Problem

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Description

Refer to the data from Butler Company’s Finishing Department.

Butler Company’s Finishing Department

Quantity
Work in Process – Beginning 50
Transferred In From Assembling Department 1420
Transferred Out to Finished Goods
Work in Process – Ending
400
Stage of Completion of Ending Work in Process
Materials complete
Labor 70%
Factory Overhead 80%

How many units were transferred to Finished Goods?

What are the equivalent production units for materials, labor, and factory overhead, respectively, in the ending Work in Process?

If costs transferred from the Assembling Department totaled $85,200; beginning work in process in the Finishing Department totaled $3,100 ( materials, $2,000; labor, $600; overhead, $500) ; and Total Costs to Be Accounted For are $100,000, what were the costs for the Finishing Department in the current month?

Assume that materials costs incurred in the current month in the Finishing Department total $5,938. What is the unit cost of materials in the Finishing Department?

Assume that labor costs incurred in the current month in the Finishing Department total $4,530. What is the unit cost of labor in the Finishing Department?
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