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, 35% completed 23,355 To Finished Goods, 207,000 units ?
Direct materials, 212,000 units @ $2 424,000
Direct labor 268,700
Factory overhead 104,530
Bal. ? units, 25% completed ?

Determine the following:

a. The number of units in work in process inventory at the end of the period.
units

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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.
$

Homework Answers

Answer #1
a
Units in work in process inventory at the end of the period=9000+212000-207000= 14000
b
Work in Process-Assembly Department
Equivalent Units of Production for Direct Materials and Conversion Costs
Whole Units Equivalent Units Equivalent Units
Direct Materials Conversion
Inventory in process, beginning 9000 0 5850
Started and completed 198000 198000 198000
Transferred to finished goods 207000 198000 203850
Inventory in process, ending 14000 14000 3500
Total units 221000 212000 207350
c
Costs Per Equivalent Unit
Direct Materials 2 =424000/212000
Conversion 1.8 =(268700+104530)/207350
d
cost of the units started and completed=198000*(2+1.8)= $752400
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