Q1: Equivalent Units of Materials Cost The Bottling Department of Rocky Springs
ID: 2393455 • Letter: Q
Question
Q1:
Equivalent Units of Materials Cost
The Bottling Department of Rocky Springs Beverage Company had 3,000 ounces in beginning work in process inventory (60% complete). During the period, 49,400 ounces were completed. The ending work in process inventory was 2,500 ounces (50% complete).
What are the total equivalent units for direct materials if materials are added at the beginning of the process?
_ units
Q2:
Equivalent Units of Conversion Costs
The Bottling Department of Rocky Springs Beverage Company had 4,390 ounces in beginning work in process inventory (80% complete). During the period, 43,900 ounces were completed. The ending work in process inventory was 3,512 ounces (20% complete).
What are the total equivalent units for conversion costs? Note: Round to the nearest whole unit.
units
Q3:
Cost per Equivalent Unit
The cost of direct materials transferred into the Bottling Department of Rocky Springs Beverage Company is $473,900. The conversion cost for the period in the Bottling Department is $366,080. The total equivalent units for direct materials and conversion are 67,700 ounces and 70,400 ounces, respectively.
Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent.
Q4:
Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion in the Bottling Department of Rocky Springs Beverage Company are $1.55 and $2.6, respectively. The equivalent units to be assigned costs are as follows:
The beginning work in process inventory had a cost of $1,060. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar.
Direct materials cost per equivalent unit: $ per ounce Conversion costs per equivalent unit: $ per ounceExplanation / Answer
Q1: Equivalent units of Material Cost 51,900 Working: Materials Physical Units % of Completion Equivalent Units of Production Units Completed 49,400 100% 49,400 Units in Ending Work in process 2,500 100% 2,500 Total 51,900 51,900 Note: Material are added at the beginning of period.So, it is 100% comleted. Q2: Equivalent units of Conversion Cost 47,412 Working: Conversion Costs Physical Units % of Completion Equivalent Units of Production Units Completed 43,900 100% 43,900 Units in Ending Work in process 3,512 20% 3,512 Total 47,412 47,412 Q3: Direct materials cost per equivalent unit $ 7.00 per ounce Conversion costs per equivalent unit $ 5.20 per ounce Direct Materials Conversion Costs Total Costs $ 4,73,900 $ 3,66,080 / Equivalent units of production 67,700 70,400 Cost per Equivalent unit $ 7.00 $ 5.20 Q4: Completed and transferred-out production $ 1,55,140 Inventory in process, ending $ 12,440 Working: Costs of Units completed and transferred out: EUP Cost per EUP Total Total Beginning work in process $ 1,060 Units started and completed during this period Direct Materials 36000 $ 1.55 $ 55,800 Conversion 37800 $ 2.60 $ 98,280 Total $ 1,55,140 Costs of Ending Work in process; Direct Materials 4000 $ 1.55 $ 6,200 Conversion 2400 $ 2.60 $ 6,240 Total $ 12,440 Total $ 1,67,580
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