Question

The charges to Work in Process-Assembly Department for a period, together with informat concerning production, are as follows. All direct materials are placed in process at the begin production Work in Process-Assembly Department Bal., 9,000 units, 40% completed 72,360 To Finished Goods, 41,500 units Direct materials, 40,000 units @ $6.80 272,000 Direct labor 80,000 Factory overhead 40,450 Bal., ? units, 30% completed 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 b enter in "0". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Whole Inits Equivalent Units Equivalent Units Direct Materials Conversinn

Answer 1

a
Number of units in work in process	7500	=9000+40000-41500
b
	Whole units	Equivalent units	Equivalent units
		Direct materials	Conversion
Inventory in Process, beginning	9000	0	5400	=9000*(1-40%)
Started and completed	32500	32500	32500	=41500-9000
Transferred to finished goods	41500	32500	37900
Inventory in Process, ending	7500	7500	2250	=7500*30%
Total units	49000	40000	40150
c
	Costs per Equivalent unit
Direct materials	6.80	=272000/40000
Conversion	3.00	=(80000+40450)/40150
d
Units Started and completed	32500
X Cost per Equivalent unit	9.80	=6.80+3.00
Cost of Units Started and completed	318500