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, 35% completed 5,810 To Finished Goods, 46,000 units ? Direct materials, 47,000 units @ $2.1 98,700 Direct labor 85,100 Factory overhead 33,025 Bal. ? units, 65% completed ?

Explanation / Answer

1 Number of units in work in process inventory = 2000+47000-46000= 3000 2 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 2000 0 1300 Started and completed 44000 44000 44000 Transferred to finished goods 46000 44000 45300 Inventory in process, ending 3000 3000 1950 Total units 49000 47000 47250 3 Costs Per Equivalent Unit Direct Materials 2.1 =98700/47000 Conversion 2.5 =(85100+33025)/47250 4 Cost of the units started and completed = 44000*(2.1+2.5)= $202400

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