Question

The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production Work In Process-Assembly Department Bal., 5,000 units, 35% completed 15,850 To Finished Goods, 115,000 units Direct materials, 118,000 units @ 200,600 $1.7 Direct labor 381,200 Factory overhead 148,225 Bal., 2 units, 55% completed Cost per equivalent units of $1.70 for Direct Materials and $4.50 for Conversion Costs. a. Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period 3. Cost of ending work in process inventory TTUT 4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.) $ Check My Work

Answer 1

(a)

1. Beginning WIP Cost	15,850
Additional cost (5000*65%*4.5)	14,625
Cost of beginning WIP completed this period	30,475

2. Cost of beginning WIP completed this period	30,475
Cost of units started and completed (115000-5000)*(1.7+4.5)	682,000
Cost of units transferred to FG	712,475

3. Cost of Ending WIP [(5000+118000-115000)*1.7] + [8000*55%*4.5]	33,400
(13,600) + (19,800)

4. Cost per unit completed (30,475 / 5000)	6.095 or 6.1