Question

Units to be Assigned Costs

Rocky Springs Beverage Company consists of two departments, Blending and Filling. The Filling Department received 47,900 ounces from the Blending Department. During the period, the Filling Department completed 60,600 ounces, including 17,000 ounces of work in process at the beginning of the period. The ending work in process inventory was 4,300 ounces.

How many ounces were started and completed during the period?
ounces

Equivalent Units of Materials Cost

The Bottling Department of Rocky Springs Beverage Company had 2,900 ounces in beginning work in process inventory (20% complete). During the period, 49,000 ounces were completed. The ending work in process inventory was 2,500 ounces (10% complete).

What are the total equivalent units for direct materials if materials are added at the beginning of the process?
units

Equivalent Units of Conversion Costs

The Bottling Department of Rocky Springs Beverage Company had 5,300 ounces in beginning work in process inventory (30% complete). During the period, 87,900 ounces were completed. The ending work in process inventory was 5,300 ounces (10% complete).

What are the total equivalent units for conversion costs?

If required, round to the nearest unit.

units

Cost per Equivalent Unit

The cost of direct materials transferred into the Bottling Department of Rocky Springs Beverage Company is $72,500. The conversion cost for the period in the Bottling Department is $101,370. The total equivalent units for direct materials and conversion are 25,000 ounces and 32,700 ounces, respectively.

Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent.

Direct materials cost per equivalent unit:	$ per ounce
Conversion costs per equivalent unit:	$ per ounce

Cost of Units Transferred Out and Ending Work in Process

The The rate used to allocate costs between completed and partially completed production.costs per equivalent unit of direct materials and conversion in the Bottling Department of Rocky Springs Beverage Company are $0.85 and $1.7, respectively. The equivalent units to be assigned costs are as follows:

	Equivalent Units
	Direct Materials		Conversion
Inventory in process, beginning of period	0		3,200
Started and completed during the period	46,000		46,000
Transferred out of Bottling (completed)	46,000		49,200
Inventory in process, end of period	3,000		900
Total units to be assigned costs	49,000		50,100

The beginning work in process inventory had a cost of $2,210. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar.

Completed and transferred-out production	$
Inventory in process, ending	$

The questions are five seperate small questions that are all one assignment-Thanks

Answer 1

Units to be assigned cost:

Opening work-in-progress                                           : 17000 ounces

Received during the year from Blending dept     : 47900 ounces

Closing work-in-progress                                              : 4300 ounces

Completed during the period     =Received during year- Closing WIP+ Opening WIP

                                                                =47900- 4300+ 17000

                                                                = 60600 ounces

Equivalent units of material cost:

In the opening WIP 80% was completed during the period           : 2900*80%= 2320 ounces

Completed during the period                                                                     : 49000*100%= 49000 ounces

In the closing WIP 10% was completed during the period              : 2500*10%= 250 ounces

Total equivalent units completed during the period = 2320+ 49000+ 250 =51570 ounces

Cost per equivalent unit:

Cost of direct material transferred to Bottling dept          : $ 72500

Conversion cost for the period                                                  : $ 101370

Equivalent units for direct materials and conversion are 25000 and 32700 ounces.

Direct material cost per equivalent unit = 72500/25000   = $2.9

Conversion cost per equivalent unit        = 101370/32700 = $3.1