Question

Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...

Equivalent Units of Production and Related Costs

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., 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

Feedback

Units in ending work in process represent units that have been started in the department but have not been completed, and therefore have not been transferred out to finished goods.

b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".

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

Homework Answers

Answer #1

a.

Units in ending inventory:

= 9,000 + 40,000 - 41,500

= 7,500

b.

Units started and completed:

= 41,500 - 9,000

= 32,500

Conversion cost:

Beginning work in process:

= 9,000 X 60%

= 5,400

Ending work in process:

= 7,500 X 30%

= 2,250

Whole units Direct material Direct labor
Inventory in process, beginning 9,000 0 5,400
Started and completed 32,500 32,500 32,500
Transferred to finished goods 41,500 32,500 37,900
Inventory in process, ending 7,500 7,500 2,250
Total units 49,000 40,000 40,150
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