Question

1. The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.

   Work in Process-Assembly Department
   Bal., 9,000 units, 70% completed	25,560	To Finished Goods, 207,000 units	?
   Direct materials, 212,000 units @ $1.30	275,600
   Direct labor	361,300
   Factory overhead	140,540
   Bal. ? units, 60% completed	?

   Determine the following:

   a. The number of units in work in process inventory at the end of the period.
   ? units

   b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".

   Work in Process-Assembly Department
   Equivalent Units of Production for Direct Materials and Conversion Costs
   	Whole Units	Equivalent Units Direct Materials	Equivalent Units Conversion
   Inventory in process, beginning
   Started and completed
   Transferred to finished goods
   Inventory in process, ending
   Total units

   c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.

   	Costs Per Equivalent Unit
   Direct Materials	$
   Conversion	$

   d. Cost of the units started and completed during the period.
   $

Answer 1

a
Number of units in work in process inventory	14000	units	=9000+212000-207000
b
Equivalent Units of Production for Direct Materials and Conversion Costs
	Whole Units	Equivalent Units Direct Materials	Equivalent Units Conversion
Inventory in process, beginning	9000	0	2700	=9000*(1-70%)
Started and completed	198000	198000	198000	=207000-9000
Transferred to finished goods	207000	198000	200700
Inventory in process, ending	14000	14000	8400	=14000*60%
Total units	221000	212000	209100
c
	Costs Per Equivalent Unit
Direct Materials	1.30	=275600/212000
Conversion	2.40	=(361300+140540)/209100
d
Units Started and completed	198000
X Cost Per Equivalent Unit	3.70	=1.30+2.40
Cost of the units started and completed	732600