The charges to Work in Process—Assembly Department for a period, together with information concerning production, are...

Work in Process-Assembly Department
Bal., 7,000 units, 45% completed	18,305	To Finished Goods, 161,000 units	?
Direct materials, 165,000 units @ $1.4	231,000
Direct labor	342,200
Factory overhead	133,110
Bal. ? units, 55% 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.
$

Solutions

Expert Solution

Req1:
UNITS TO ACCOUNT FOR:
Beginning Work in Process units			7,000
Add: Units Started in Process			165,000
Total Units to account for:			172,000

UNITS TO BE ACCOUNTED FOR:
Units completed from Beginning WIP			7000
Units started and completed			154,000
Ending Work in Process			11,000
Total Units to be accounted for:			172,000

Equivalent Units:
		Material Cost		Conversion
	UNITS	% Completion	Units	% Completion	Units
Units completed from Beg. WIP	7000	0%	0	55%	3,850
Units started and completed	154000	100%	154,000	100%	154,000
Transferred to FG	161000		154,000		157,850
Ending Work in Process	11000	100%	11,000	55%	5,500
Total Equivalent units	172000		165,000		163,350


COST PER EQUIVALENT UNIT:
		Material		Conversion
Total cost added during the year		231,000		475,310
Equivalent Units		165,000		163,350
Cost per Equivalent unit		1.4		2.91

TOTAL COST ACCOUNTED FOR:
Units started and Transferred out (154000 units)
		Equivalent unit	Cost per EU	Total Cost
Material		154,000	1.4	215600
Conversion Cost		154,000	2.91	448140
Total Cost of Units completed and transferred out:				663740

jeff jeffy answered 1 year ago

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