The debits to Work in Process—Assembly Department for April, together with data

Question

The debits to Work in Process—Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $ 8,158 Conversion costs, 3,000 units, 40% completed 5,416 Materials added during April, 10,000 units 25,802 Conversion costs during April 34,198 Goods finished during April, 12,000 units 0 April 30 work in process, 1,000 units, 40% completed 0 All direct materials are added at the beginning of the process, and the first-in, first-out method is used to cost inventories. The conversion cost per equivalent unit for April is

Explanation / Answer

Work in Process, April 1 1800 =3000*(1-40%) Units started and completed 9000 =12000-3000 Work in Process, April 30 400 =1000*40% Equivalent units 11200 Current costs 34198 Divided by Equivalent units 11200 Conversion cost per equivalent unit for April 3.05 (Rounded off)

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