The charges to Work in Process—Assembly Department for a period, together with i

Question

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.

Determine the following:

a. The number of units in work in process inventory at the end of the period.
? units

b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".

c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.

d. Cost of the units started and completed during the period.
$ ?

Work in Process-Assembly Department Bal., 2,000 units, 40% completed 6,240 To Finished Goods, 46,000 units ? Direct materials, 47,000 units @ $2 94,000 Direct labor 100,200 Factory overhead 39,000 Bal. ? units, 40% completed ?

Explanation / Answer

a.

unit in WIP at the end is 2000+47000-46000 = 3000 unit wip

b.

Inventory in process, beginning

Total units 47000 46400  

c.

cost per unit of material and labour

opening 0 0

current 94000 139200

cost per unit $2 $3

Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Whole Units    Equivalent Units Direct Materials Equivalent Units Conversion

Inventory in process, beginning

2000 0 1200 Started and completed 47000 44000 44000 Transferred to finished goods Inventory in process, ending 3000 3000 1200

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