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The charges to Work in Proces Assembly Department for a period, other wa mation concerning procheton are a follom. All direct

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1 No of units in Work in progress inventory at year end
Particulars Units
Opening Work in progress                  5,000
Add: Units introduced             108,000
Less: Finished Goods at year end             105,500
Closing Work in Progress                  7,500
2 Equivalent units of production for direct material and conversion
Particulars Units Percentage completed in current year Equivalent units
Opening Work in progress                  5,000 65%            3,250
Add: Units introduced (108,000)
Finished Goods at year end             105,500 100%       105,500
Closing Work in Progress                  7,500 45%            3,375
Equivalent units of production       112,125
3 Cost per equivalent unit for Direct Material and Conversion
Direct Material Conversion
Particulars Cost incurred Equivalent units Cost incurred Equivalent units
Opening WIP for 5000 units @ 1.5/ unit for 65%                  4,875            5,600
Cost incurred during month             162,000       192,825
Less: Closing WIP for 7500 units @ 1.5/ unit for 55%                (6,188)          (7,365)
Net cost incurred             160,688          112,125       191,060       112,125
Cost per unit                    1.43              1.70
4 Cost of unit started and completed during the month ($)
Particulars Direct Material Conversion
Cost of unit started                  4,875              5,600
Cost of unit completed             155,813          185,460
5 Cost of Ending Inventory
Particulars Amount ($)
Opening WIP               10,475
Direct Materials             162,000
Direct Labour             145,300
Factory Overhead               47,525
Less: Closing WIP              (13,552)
Closing Inventory             351,748
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