If Department H had 634 units, 72% completed, in process at the beginning of the

ID: 2655308 • Letter: I

Question

If Department H had 634 units, 72% completed, in process at the beginning of the period, 7,875 units were completed during the period, and 808 units were 35% completed at the end of the period, what was the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories?

Select the correct answer.

808

The debits to Work in Process - Assembly Department for April, together with data concerning production, are as follows:

All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. What is the conversion cost per equivalent unit for April?

Select the correct answer.

7,701 8,509 8,683

808

The debits to Work in Process - Assembly Department for April, together with data concerning production, are as follows:

April 1, work in process: Materials cost, 3,000 units $8,176 Conversion costs, 3,000 units, 2/3 completed $5,004 Materials added during April, 10,000 units $27,604 Conversion costs during April $33,898 Goods finished during April, 11,500 units - - - April 30 work in process, 1,500 units, 1/2 completed - - -

All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. What is the conversion cost per equivalent unit for April?

Select the correct answer.

$3.31 $2.76 $3.39 $2.40

Explanation / Answer

1) 7875 units were completed during period,but these units include 634 units of which only 28% were completed during this period. Also,35% of ending WIP is completed.

Hence, equivalent units of production for conversion = 7875-(634*0.72) + (808*0.35)

= 7875- 456.48 + 282.8

= 7701.32

Hence, answer is 7701 units

2) Goods finished during april = 11500

also. ending WIP consists of 50% finished units.

Hence, total no of units = 11500 + 1500*0.5

= 12250 units

Total conversion cost = 33898$

hence,conversion cost per unit = 33898/12250

= 2.76$

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If Department H had 634 units, 72% completed, in process at the beginning of the

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