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, 40% completed 72,360 To Finished Goods, 41,500 units Direct materials, 40,000 units @ $6.80 272,000 Direct labor 80,000 Factory overhead 40,450 Bal., ? units, 30% completed Determine the following: a. The number of units in work in process inventory at the end of the period. 7,500 V units Feedback V 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 Equivalent Units Equivalent Units Direct Materials Whole Units Conversion Inventory in process, beginning 9.000 5,400 v Started and completed 32,500 V 32,500 v 32,500 V Transferred to finished goods 41.500 v 32,500 37,900 Inventory in process, ending 7,500 V 7,500 v 2.250 Total units 49,000 v 40,000 v 40,150 V Feedback V 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. c. Costs per equivalent unit for direct materials and conversion. Costs Per Equivalent Unit Direct Materials 6.8 v Conversion d. Cost of the units started and completed during the period.
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, 40% completed 72,360 To Finished Goods, 41,500 units Direct materials, 40,000 units @ $6.80 272,000 Direct labor 80,000 Factory overhead 40,450 Bal., ? units, 30% completed Determine the following: a. The number of units in work in process inventory at the end of the period. 7,500 V units Feedback V 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 Equivalent Units Equivalent Units Direct Materials Whole Units Conversion Inventory in process, beginning 9.000 5,400 v Started and completed 32,500 V 32,500 v 32,500 V Transferred to finished goods 41.500 v 32,500 37,900 Inventory in process, ending 7,500 V 7,500 v 2.250 Total units 49,000 v 40,000 v 40,150 V Feedback V 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. c. Costs per equivalent unit for direct materials and conversion. Costs Per Equivalent Unit Direct Materials 6.8 v Conversion d. Cost of the units started and completed during the period.
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Transcribed Image Text: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, 40% completed
72,360 To Finished Goods, 41,500 units
Direct materials, 40,000 units @ $6.80
272,000
Direct labor
80,000
Factory overhead
40,450
Bal., ? units, 30% completed
Determine the following:
a. The number of units in work in process inventory at the end of the period.
7,500 V units
Feedback
V 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. Eguivalent 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
Equivalent Units Equivalent Units
Units
Direct Materials
Conversion
Inventory in process, beginning
9,000
5,400
Started and completed
32,500
32,500 V
32,500
Transferred to finished goods
41,500
32,500 V
37,900
Inventory in process, ending
7,500
7,500 V
2,250
Total units
49,000
40,000
40,150
Feedback
V 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.
c. Costs per equivalent unit for direct materials and conversion.
Costs Per Equivalent Unit
Direct Materials
6.8
Conversion
d. Cost of the units started and completed during the period.
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