Question

On March 1, 2019, Baltimore Company's beginning work in process inventory had 7,500 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Baltimore introduces direct materials at the beginning of the production process.  During March, a total of 21,800 units were started and the ending WIP inventory had 7,400 units which were 40% complete as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs. (Round answer to the nearest whole number of units)

On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 37,000 units were started. At the end of the month all started units were 75% complete with respect to conversion. Direct Materials placed into production had a total cost of $335,000 and the total conversion cost for the month was $308,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of direct material for the month of March. (Round answer to the nearest cent.)

On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 27,000 units were started. At the end of the month all started units were 60% complete with respect to conversion. Direct Materials placed into production had a total cost of $310,000 and the total conversion cost for the month was $493,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March. (Round answer to the nearest cent.)

Answer 1

Baltimore Company

	Whole	Equivalent Units
	Units	% Conversion	EUP-Conversion
Beginning work in process - units	7500
Units started into production	21800
Total units	29300
Units completed and transferred out	21900	100%	21900
Ending work in process - units	7400	40%	2960
Total units	29300
Total equivalent units of production for conversion			24860

Annapolis Company

	Direct Materials
Total costs $	335000
÷ Equivalent units of production (37000 x 100%)	37000
Cost per equivalent unit of production (rounded to 2 decimals)	$                     9.05

Annapolis Company

	Conversion
Total costs $	493000
÷ Equivalent units of production (27000 x 60%)	16200
Cost per equivalent unit of production (rounded to 2 decimals)	$                  30.43