Question

Brite Toothbrushes Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, XXXX UNITS Physical Units Units to be accounted for: Beginning work in process 50% complete as to conversion Started into production 2,500 55,000 57,500 Total units Equivalent Units Direct Conversion Materials Cost Units accounted for: Completed and transferred out Ending work in process 30% complete as to conversion 45,000 12,500 57,500 45,000 12,500 57,500 45,000 3,750 48,750 Total units COSTS Cost of beginning work in process Current period costs Total costs Equivalent units Cost per equivalent unit Direct Materials $ 42,500 $ 949,375 $ 991,875 $ 57,500 $ 17.25 Conversion Cost $ 7,500 $ $ 289,875/ $ $ 297,375 $ $ 48,750 $ 6.10 Total Cost 50,000 1,239,250 1,289,250 Direct Materials Conversion Cost Total Cost Costs to be accounted for Beginning work in process Current period costs Total costs Costs accounted for: Completed and transferred out Ending work in process

Answer 1

	Brite Toothbrushes
	Assembly Department
						Physical
UNITS						units
Units to be accounted for:
Beginning work in process 50% complete as to conversion						2,500
Started into production						55,000
Total units						57,500
							Equivalent units
							Direct	CC
							Materials
Units accounted for:
Completed & Transferred out						45,000	45,000	45,000
Ending work in process 30% complete as to conversion						12,500	12,500	3750
Total units						57,500	57,500	48,750
COSTS							DM	CC	Total
cost of beginning work in process							42,500	7,500	50,000
Current period costs							949,375	289,875	1,239,250
Total costs							991,875	297,375	1,289,250
Equivalent units							57,500	48,750
cost per equivalent unit							17.25	6.1	23.35
							DM	CC	Total
Costs
Costs to be accounted for
Beginning work in process							42,500	7,500	50,000
current period costs							949,375	289,875	1,239,250
total costs							991,875	297,375	1,289,250
Costs accounted for
completed & transferred out							776,250	274,500	1,050,750
Ending Work in process							215,625	22,875	238,500
total costs							991,875	297,375	1,289,250