*need help with D* Determine the following:a. The number of units in work in process inventory atthe end of the period.6,000 ✓ unitsFeedbackCheck My WorkUnits in ending work in process represent units that havebeen 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 materialsand conversion. If an amount is zero or a blank, enter in"0".Work in Process-Assembly DepartmentEquivalent Units of Production for DirectMaterials and Conversion CostsInventory in process, beginningStarted and completedTransferred to finished goodsInventory in process, endingTotal unitsFeedbackDirect MaterialsWhole Equivalent Units Equivalent UnitsUnits Direct MaterialsConversion4,000 ✓1,400 ✓88,000✔Conversion92,0006,000Feedback98,000✔88,00088,0006,00094,00088,000Check My WorkWhen are materials added in the process? How does thataffect the number of equivalent units in beginning work inprocess, units that have been started and completed andunits in ending work in process? For units to be completedthey have to be complete with respect to both materials andconversion.89,400c. Costs per equivalent unit for direct materials andconversion. If required, round your answers to thenearest cent.Costs Per Equivalent Unit1.90 ✔3.20 ✔4,80094,200d. Cost of the units started and completed during theperiod.$1

Answered: d. Cost of the units started and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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*need help with D*

Determine the following:
a. The number of units in work in process inventory at
the end of the period.
6,000 ✓ units
Feedback
Check My Work
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".
Work in Process-Assembly Department
Equivalent Units of Production for Direct
Materials and Conversion Costs
Inventory in process, beginning
Started and completed
Transferred to finished goods
Inventory in process, ending
Total units
Feedback
Direct Materials
Whole Equivalent Units Equivalent Units
Units Direct Materials
Conversion
4,000 ✓
1,400 ✓
88,000✔
Conversion
92,000
6,000
Feedback
98,000✔
88,000
88,000
6,000
94,000
88,000
Check My Work
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.
89,400
c. Costs per equivalent unit for direct materials and
conversion. If required, round your answers to the
nearest cent.
Costs Per Equivalent Unit
1.90 ✔
3.20 ✔
4,800
94,200
d. Cost of the units started and completed during the
period.
$1

Expert Solution

Step 1

Equivalent unit refers to the units that are calculated based on the work done by the manufacturer using the material and conversion. The cost is divided into two factors, direct material and the conversion cost which includes labor and overhead charges. It helps in determining the number of units completed and in work in process separately.

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