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., 6,000 units, 70% completed 15,540 To Finished Goods, 138,000 units ? Direct materials, 141,000 units @ $1.4 197,400 Direct labor 181,600 Factory overhead 70,580 Bal. ? units, 70% 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 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 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
Number of units in work in process inventory	9000	=6000+141000-138000
b
	Whole Units	Equivalent Units Direct Materials	Equivalent Units Conversion
Inventory in process, beginning	6000	0	1800	=6000*(1-70%)
Started and completed	132000	132000	132000	=138000-6000
Transferred to finished goods	138000	132000	133800
Inventory in process, ending	9000	9000	6300	=9000*70%
Total units	147000	141000	140100
c
	Costs per equivalent unit
Direct Materials	1.40	=197400/141000
Conversion	1.80	=(181600+70580)/140100
d
Cost of the units started and completed	422400	=132000*(1.40+1.80)