Homework Answers
1) Direct material cost per equivalent unit = 259200/129600 = 2
2) Equivalent unit of conversion = (7200*2/5+124200+5400*4/5) = 131400
Cost per equivalent unit of conversion = (75690+42570)/131400 = 0.90
3) Cost of the beginning work in process completed during December = (7200*2/5*.90)+18072 = 20664
4) Cost of unit started and completed = 2.9*124200 = 360180
5) Cost of ending WIP = (5400*2+4320*.90) = 14688
b) Direct material in beginning WIP = 7200*2 = 14400
Equivalent unit for conversion in Beginning WIP = 7200*3/5 = 4320
Cost per equivalent unit of conversion = (18072-14400)/4320 = 0.85
Increase by 0.05
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