a. The number of units in work in process inventory at the end of the period:
(9000+212,000) – 207,000 = 14000 units
b.
Work in Process-Assembly Department
Equivalent Units of Production for Direct Materials and Conversion Costs
Whole units |
Equivalent Units Direct Materials |
Equivalent Units Conversion |
|
Inventory in process, beginning |
9000 |
0 |
(9000 x .35) = 3150 9000 – 3150 = 5850 |
Started and completed |
198,000 (207,000 – 9000) |
198,000 |
198,000 |
Transferred to finished goods |
207,000 |
198,000 |
203850 |
Inventory in process, ending |
14000 |
14000 |
8400(14000 x 60%) |
Total units |
221,000 |
212,000 |
212,250 |
c.
Costs Per Equivalent Unit |
|
Direct Materials 424000/212000 |
2 |
Conversion 397,300+154550=551850/212250 |
2.6 |
d. Cost of the units started and completed during the period
(2 + 2.6) x 198000 = 910,800
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