Cost of Units Completed and in Process
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., 8,000 units, 65% completed||33,920||To Finished Goods, 184,000 units||?|
|Direct materials, 188,000 units @ $1.9||357,200|
|Bal. ? units, 75% completed||?|
Cost per equivalent units of $1.90 for Direct Materials and $3.90 for Conversion Costs.
a. Based on the above data, determine the different costs listed below.
If required, round your interim calculations to two decimal places.
|1. Cost of beginning work in process inventory completed this period.||$|
|2. Cost of units transferred to finished goods during the period.||$|
|3. Cost of ending work in process inventory.||$|
|4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent.||$|
b. Did the production costs change from the
c. Assuming that the direct materials cost per
unit did not change from the preceding period, did the conversion
costs per equivalent unit increase, decrease, or remain the same
for the current period?