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., 3,000 units, 40% completed Direct materials, 71,000 units @ $1.3 Direct labor Factory overhead Bal. 2 units, 80% completed 6,300 92,300 To Finished Goods, 69,000 units 113,700 44,260 Determine the following a. The number of units in work in process inventory at the end of the period. units b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "O" 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 Started and completed Transferred to finished goods Inventory in process, ending Total units c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent. Costs Per Equivalent Unit Direct Materials Conversion d. Cost of the units started and completed during the period

Answer 1

a
Inventory in process, beginning	3000
Add: Units started	71000
Less: Transferred to finished goods	-69000
Units in work in process at the end	5000	units
b
	Whole units	Equivalent units Direct materials	Equivalent units Conversion
Inventory in process, beginning	3000	0	1800
Started and completed	66000	66000	66000
Transferred to finished goods	69000	66000	67800
Inventory in process, ending	5000	5000	4000
Total units	74000	71000	71800
c
	Costs per equivalent unit
Direct materials	1.30	=92300/71000
Conversion	2.20	=(113700+44260)/71800
d
Units Started and completed	66000
X Cost per equivalent unit	3.50	=1.3+2.2
Cost of units started and completed	231000