Question

During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 37,500 were in process in the production department at the beginning of April and 150,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40 % complete with respect to labor. At the end of April, 51,250 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to labor The production department had $531,480 of direct materials and $407,689 of direct labor cost charged to it during April. Also, its beginning inventory included $74,075 of direct materials cost and $28,493 of direct labor 1. Using the FIFO method, compute the direct materials cost and the direct labor cost per equivalent unit for the department. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Direct Materials Direct Labor Cost per equivalent unit $ EUP $ EUP 2. Using the FIFO method, assign April's costs to the department's output-specifically, its units transferred to finished goods and its ending goods in process inventory (Round your intermediate calculations and final answers to 2 decimal places. Omit the "$" sign in your response.) Total costs transferred out Total costs of ending goods in process Total cost

Answer 1

	Direct materials	Conversion
To complete beginning work in process	15000	22500
Started and completed	150000	150000
Ending work in process	41000	15375
Equivalent units	206000	187875
1
	Direct materials	Conversion
Current period costs	531480	407689
Divide by Equivalent units	206000	187875
Cost per Equivalent unit	2.58	2.17
2
	Direct materials	Conversion	Total
Cost of beginning work in process	74075	28493
To complete beginning work in process	38700	48825
Started and completed	387000	325500
Total costs transferred out	499775.00	402818.00	902593.00
	Direct materials	Conversion	Total
Ending work in process units	41000	15375
X Cost per Equivalent unit	2.58	2.17
Total cost of Ending goods in process	105780.00	33363.75	139143.75
Total costs transferred out	902593.00
Total cost of Ending goods in process	139143.75
Total cost	1041736.75