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

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., 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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