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., 7,000 units, 70% completed 29,260 To Finished Goods, 161,000 units ? Direct materials, 165,000 units @ $1.8 297,000 Direct labor 429,000 Factory overhead 166,885 Bal. ? units, 45% completed ?

Explanation / Answer

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.

To Finished Goods, 161,000 units

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

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

Equivalent Units of Production for Direct Materials and Conversion Costs

Equivalent Units Direct Materials

Equivalent Units Conversion

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

Costs Per Equivalent Unit

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., 7,000 units, 70% completed 29,260

To Finished Goods, 161,000 units

? Direct materials, 165,000 units @ $1.8 297,000 Direct labor 429,000 Factory overhead 166,885 Bal. ? units, 45% completed ? Determine the following:

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

Units in process at beginning of period 7,000 Units placed in production during period 165,000 Less units finished during period -161,000 Units in process at end of period 11,000

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

Whole Units

Equivalent Units Direct Materials

Equivalent Units Conversion

Inventory in process, beginning 70% completed 7,000 0 2100 Started and completed 154000 154000 154000 Transferred to finished goods 161,000 154,000 156,100 Inventory in process, ending 11,000 11,000 4950 Total units 172,000 165,000 161,050 Equivalent Units Conversion =7000*(1-70%) 2100 Started and completed = 161,000-7000 154000 Inventory in process, ending(45% completed)11000 x45% 4950

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

Costs Per Equivalent Unit

Direct Materials $297,000/165,000 $1.80 Conversion($429,000 + 166885)/161,050 units $3.70 d. Cost of the units started and completed during the period. ($1.80 +$3.70) x 154,000 $847,000.00

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