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., 8,000 units, 50% completed 26,000 To Finished Goods, 184,000 units ?
Direct materials, 188,000 units @ $1.6 300,800
Direct labor 474,800
Factory overhead 184,600
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.
$

Homework Answers

Answer #1

a) No of units ending work in process = 8000+188000-184000 = 12000 units

b) Equivalent unit :

Whole unit Equivalent Units
Direct Materials
Equivalent Units
Conversion
Inventory in process, beginning 8000 0 4000
Started and completed 176000 176000 176000
Transferred to finished goods 184000 176000 180000
Inventory in process, ending 12000 12000 8400
Total units 196000 188000 188400

c) Cost per equivalent unit :

Material = 300800/188000 = 1.6 per equivalent unit

Conversion = 659400/188400 = 3.5 per equivalent unit

d) Cost of units started and completed = (1.6+3.5)*176000 = 897600

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