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 $7,500 Conversion costs, 3,000 units, 80% completed 6,000 Materials added during April, 10,000 units 29,000 Conversion costs during April 35,000 Goods finished during April, 11,500 units --- April 30 work in process, 1,500 units, 60% completed --- All direct materials are placed in process at the beginning of the process and theaverage cost methodis used to cost inventories.The materials cost per equivalent unit (to the nearest cent) for April is: a. $2.60 b. $3.02 c. $2.26 d. $2.81

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 $7,500 Conversion costs, 3,000 units, 80% completed 6,000 Materials added during April, 10,000 units 29,000 Conversion costs during April 35,000 Goods finished during April, 11,500 units --- April 30 work in process, 1,500 units, 60% completed --- All direct materials are placed in process at the beginning of the process and theaverage cost methodis used to cost inventories.The materials cost per equivalent unit (to the nearest cent) for April is: a. $2.60 b. $3.02 c. $2.26 d. $2.81

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 $7,500 Conversion costs, 3,000 units, 80% completed 6,000 Materials added during April, 10,000 units 29,000 Conversion costs during April 35,000 Goods finished during April, 11,500 units --- April 30 work in process, 1,500 units, 60% completed --- All direct materials are placed in process at the beginning of the process and theaverage cost methodis used to cost inventories.The materials cost per equivalent unit (to the nearest cent) for April is: a. $2.60 b. $3.02 c. $2.26 d. $2.81 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 $7,500 Conversion costs, 3,000 units, 80% completed 6,000 Materials added during April, 10,000 units 29,000 Conversion costs during April 35,000 Goods finished during April, 11,500 units --- April 30 work in process, 1,500 units, 60% completed --- All direct materials are placed in process at the beginning of the process and theaverage cost methodis used to cost inventories.The materials cost per equivalent unit (to the nearest cent) for April is: a. $2.60 b. $3.02 c. $2.26 d. $2.81 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 $7,500 Conversion costs, 3,000 units, 80% completed 6,000 Materials added during April, 10,000 units 29,000 Conversion costs during April 35,000 Goods finished during April, 11,500 units --- April 30 work in process, 1,500 units, 60% completed --- All direct materials are placed in process at the beginning of the process and theaverage cost methodis used to cost inventories.The materials cost per equivalent unit (to the nearest cent) for April is:

April 1, work in process: Materials cost, 3,000 units $7,500 Conversion costs, 3,000 units, 80% completed 6,000 Materials added during April, 10,000 units 29,000 Conversion costs during April 35,000 Goods finished during April, 11,500 units --- April 30 work in process, 1,500 units, 60% completed ---

Explanation / Answer

Beginning WIP                                  3,000 units
Add : Added during April                 10,000 units
Total                                              13,000 units
Less : Ending WIP                             1,500 units
Goods Finished during April             11,500 units

Goods finished during April           11,500 units
Add : Ending WIP 1,500 x 100%        1,500 units
Equivalent units                            13,000 units

Beginning WIP                            $7,500
Added during April                   $29,000
Total material costs                $36,500
Total equivalent units               13,000
DM cost per Equ. Unit                  $2.81         

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