Question

Units (Rolls of Wallpaper)

Beginning Work in Process Inventory 70 sheets

Transferred in from spinning in April 550 sheets

Completed during April 480 sheets

Ending Work in Process Inventory (80% complete for conversion work) 140 sheets

Costs

April beginning Dyeing dept. Work in process Inventory $10,700

(costs is made up transferred in $4,000 plus March dyeing materials cost $1,400 & conversion cost $5,300)

Transferred in from the spinning dept. in April $23,280

Direct Material Cost added during April $14,100

Conversion Costs during April $52,716

Determine the units to be accounted for and the units you have accounted for

Units TO be Accounted For

Beginning Work in Progess 70

Started in Producyion during month 550

Units TO be Accounted For 620

Units Accounted For

Beginning Work in Process Inventory 70

Units Started and Completed During the month ?

Ending work in process inventory ?

Units Accounted For 620

Step 2 Calculate equivlent units of production

whole Units Added in April Equivalent Units

Beginning WIP Inventory 0 0

Units Started 100% 410

Ending WIP Inventory ? 100

Answer 1

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		Equivalent Units
UNITS	Whole	Transferred	Direct	Conversion
	Units	In	Materials	Costs
Units to account for:
Beginning work-in-process	70
Transferred in	550
Total units to account for	620
Units accounted for:
Completed and transferred out	480	480	480	480
Ending work-in-process	140	140	140	112	140*80%
Total units accounted for	620	620	620	592
COSTS		Transferred	Direct	Conversion	Total
		In	Materials	Costs	Costs
Costs to account for:
Beginning work-in-process		$                            4,000	$           1,400	$              5,300	$      10,700
Costs added during period		$                         23,280	$         14,100	$            52,716	$      90,096
Total costs to account for		$                         27,280	$         15,500	$            58,016	$   100,796
Divided by: Total EUP		620	620	592
Cost per equivalent unit		$                                  44	$                 25	$                    98	$            167
Costs accounted for:
Completed and transferred out		$                         21,120	$         12,000	$            47,040	$      80,160
Ending work-in-process		$                            6,160	$           3,500	$            10,976	$      20,636
Total costs accounted for		$                         27,280	$         15,500	$            58,016	$   100,796