Equivalent Units of Production and Related Costs The charges to Work in Process—

Question

Equivalent Units of Production and Related Costs

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.
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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., 9,000 units, 35% completed 23,355 To Finished Goods, 207,000 units ? Direct materials, 212,000 units @ $2 424,000 Direct labor 268,700 Factory overhead 104,530 Bal. ? units, 25% completed ?

Explanation / Answer

a Units in work in process inventory at the end of the period=9000+212000-207000= 14000 b Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Whole Units Equivalent Units Equivalent Units Direct Materials Conversion Inventory in process, beginning 9000 0 5850 Started and completed 198000 198000 198000 Transferred to finished goods 207000 198000 203850 Inventory in process, ending 14000 14000 3500 Total units 221000 212000 207350 c Costs Per Equivalent Unit Direct Materials 2 =424000/212000 Conversion 1.8 =(268700+104530)/207350 d cost of the units started and completed=198000*(2+1.8)= $752400

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