Question

1) Bethesda Company's April 1, 2019 beginning work in process was 550 units. During April an additional 2,300 units were put into production. At the end of April all units were completed except for 525 units. Use this information to determine number of units completed.

2) On March 1, 2019, Baltimore Company's beginning work in process inventory had 9,500 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Baltimore introduces direct materials at the beginning of the production process.  During March, a total of 28,600 units were started and the ending WIP inventory had 8,600 units which were 60% complete as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs. (Round answer to the nearest whole number of units)

3) On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 34,000 units were started. At the end of the month all started units were 50% complete with respect to conversion. Direct Materials placed into production had a total cost of $435,000 and the total conversion cost for the month was $353,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of direct material for the month of March. (Round answer to the nearest cent.)

4) On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 31,000 units were started. At the end of the month all started units were 50% complete with respect to conversion. Direct Materials placed into production had a total cost of $400,000 and the total conversion cost for the month was $308,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March. (Round answer to the nearest cent.)

Answer 1

A) Bethseda company

Units completed = units in beginning + units put into production - closing units

= 550 + 2300 - 525

= 2325 units

B) Baltimore

In weighted average all units are considered to be 100% in the year in which completed.

Units started and completed = 28600 - 8600 = 20000

So equivalent units

= ((Opening + new introduced and completed) * 100% ) + closing * 40%

= ((9500 + 20000)*100% ) + 8600*60%

= 34660 units

C) Equivalent unit of Material = 34000*100% = 34000

Total material cost 435000

Divide: equivalent unt of material 34000

Cost per unit of materiall 12.79

D) Equivalent units:units started×% of completion

=31000units×50%=15500 units.

Cost per equivalent unit:

totalcost of conversion/equivalent units=

=$308000/15500 units=$19.87 per unit