The charges to Work in ProcessâAssembly Department for a period,together with information concerning production, are as follows.All direct materials are placed in process at the beginning ofproduction.
Work inProcess-Assembly Department Bal., 7,000 units, 70%completed 29,260 To Finished Goods,161,000 units ? Direct materials,165,000 units @ $1.8 297,000 Direct labor 429,000 Factory overhead 166,885 Bal. ? units, 45%completed ?
Determine the following:
a. The number of units in work in processinventory at the end of the period.
units
b. Equivalent units of production for directmaterials and conversion. If an amount is zero or a blank, enter in"0".
Work inProcess-Assembly Department EquivalentUnits of Production for Direct Materials and Conversion Costs Whole Units Equivalent Units DirectMaterials Equivalent UnitsConversion Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending Total units
c. Costs per equivalent unit for directmaterials and conversion. If required, round your answers to thenearest cent.
Costs Per Equivalent Unit Direct Materials $ Conversion $
d. Cost of the units started and completedduring the period.
$
The charges to Work in ProcessâAssembly Department for a period,together with information concerning production, are as follows.All direct materials are placed in process at the beginning ofproduction.
| Work inProcess-Assembly Department | |||
|---|---|---|---|
| Bal., 7,000 units, 70%completed | 29,260 | To Finished Goods,161,000 units | ? |
| Direct materials,165,000 units @ $1.8 | 297,000 | ||
| Direct labor | 429,000 | ||
| Factory overhead | 166,885 | ||
| Bal. ? units, 45%completed | ? | ||
Determine the following:
a. The number of units in work in processinventory at the end of the period.
units
b. Equivalent units of production for directmaterials and conversion. If an amount is zero or a blank, enter in"0".
| Work inProcess-Assembly Department | |||
| EquivalentUnits of Production for Direct Materials and Conversion Costs | |||
| Whole Units | Equivalent Units DirectMaterials | Equivalent UnitsConversion | |
| Inventory in process, beginning | |||
| Started and completed | |||
| Transferred to finished goods | |||
| Inventory in process, ending | |||
| Total units | |||
c. Costs per equivalent unit for directmaterials and conversion. If required, round your answers to thenearest cent.
| Costs Per Equivalent Unit | |
| Direct Materials | $ |
| Conversion | $ |
d. Cost of the units started and completedduring the period.
$
Related questions
12. EX.17-12.ALGO
Cost of Units Completed and in Process
The charges to Work in ProcessâAssembly Department for a period,together with information concerning production, are as follows.All direct materials are placed in process at the beginning ofproduction.
| Work inProcessâAssembly Department | |||
|---|---|---|---|
| Bal., 3,000 units, 50%completed | 7,350 | To Finished Goods,69,000 units | ? |
| Direct materials,71,000 units @ $1.3 | 92,300 | ||
| Direct labor | 126,000 | ||
| Factory overhead | 49,000 | ||
| Bal. ? units, 50%completed | ? | ||
Cost per equivalent units of $1.30 for Direct Materials and$2.50 for Conversion Costs.
a. Based on the above data, determine thedifferent costs listed below.
If required, round your interim calculations to two decimalplaces.
| 1. Cost of beginning work in process inventory completed thisperiod. | $ |
| 2. Cost of units transferred to finished goods during theperiod. | $ |
| 3. Cost of ending work in process inventory. | $ |
| 4. Cost per unit of the completed beginning work in processinventory, rounded to the nearest cent. |
Equivalent Units of Production
Units of production data for the two departments of PacificCable and Wire Company for November of the current fiscal year areas follows:
| Drawing Department | Winding Department | |
| Work in process, November 1 | 7,400 units, 45% completed | 3,700 units, 65% completed |
| Completed and transferred to next processing department during November | 101,400 units | 100,100 units |
| Work in process, November 30 | 5,600 units, 75% completed | 5,000 units, 30% completed |
a. If all direct materials are placed inprocess at the beginning of production, determine the directmaterials and conversion equivalent units of production forNovember for the Drawing Department. If an amount is zero, enter in"0".
| Drawing Department | |||
| Direct Materials and Conversion Equivalent Units ofProduction | |||
| ForNovember | |||
| Whole Units | Direct Materials Equivalent Units | Conversion Equivalent Units | |
| Inventory in process, November 1 | |||
| Started and completed in November | |||
| Transferred to Winding Department inNovember | |||
| Inventory in process, November 30 | |||
| Total | |||
b. If all direct materials are placed inprocess at the beginning of production, determine the directmaterials and conversion equivalent units of production forNovember for the Winding Department. If an amount is zero, enter in"0".
| Winding Department | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Direct Materials and Conversion Equivalent Units ofProduction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ForNovember | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Whole Units | Direct Materials Equivalent Units | Conversion Equivalent Units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory in process, November 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Started and completed in November | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transferred to finished goods inNovember | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory in process, November 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total 2. Costs per Equivalent Unit The following information concerns production in the BakingDepartment for March. All direct materials are placed in process atthe beginning of production.
a. Based on the above data, determine each costlisted below. Round "cost per equivalent unit" answers to thenearest cent.
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Assignment: 20-3 Homework - Exercise 20-7(Algorithmic)
Equivalent Units of Production - The following information concerns production inthe Baking Department for May. All direct materials are placed inprocess at the beginning of production.
| ACCOUNTWork in ProcessâBaking Department | ACCOUNTNO. | ||||||||
| Date | Item | Debit | Credit | Balance | |||||
| Debit | Credit | ||||||||
| May. | 1 | Bal., 5,400 units, 2/3completed | 6,480 | ||||||
| 31 | Direct materials, 97,200 units | 174,960 | 181,440 | ||||||
| 31 | Direct labor | 49,830 | 231,270 | ||||||
| 31 | Factory overhead | 28,026 | 259,296 | ||||||
| 31 | Goods finished, 98,400 units | 249,720 | 9,576 | ||||||
| 31 | Bal. ? units, 3/5 completed | 9,576 | |||||||
A. Determine the number of units in work in processinventory at the end of the month.
________________ units
B. Determine the equivalent units of production fordirect materials and conversion costs in May. If an amount is zero,enter in "0".
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