complete A to D all parts I\'ll rate Equivalent Units of Production and Related
ID: 2520275 • Letter: C
Question
complete A to D all parts I'll rate
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.
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".
Feedback
When are materials added in the process? How does that affect the number of equivalent units in beginning work in process, units that have been started and completed and units in ending work in process? For units to be completed they have to be complete with respect to both materials and conversion.
c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.
d. Cost of the units started and completed during the period.
$
Explanation / Answer
a Units in work in process inventory at the end of the period=5000+118000-115000= 8000 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 5000 0 3500 Started and completed 110000 110000 110000 Transferred to finished goods 115000 110000 113500 Inventory in process, ending 8000 8000 1600 Total units 123000 118000 115100 c Costs Per Equivalent Unit Direct Materials 1.4 =165200/118000 Conversion 3.3 =(273500+106330)/115100 d cost of the units started and completed=110000*(1.4+3.3)= $517000
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