Harson Co. manufactures a single product in two departments: Forming and Assembly. Information for the Forming department for May follows.

1. Compute equivalent units of production for both direct materials and conversion.
2. Compute cost per equivalent unit of production for both direct materials and conversion.
3. Assign costs to the department’s output—specifically, to the units transferred out and to the units that remain in work in process at period-end.

Transcribed Image Text:

Beginning work in process Direct Materials Conversion Direct materials $ 60,000 Units Percent Complete Percent Complete Conversion 112,500 $ 172,500 Costs added this period Beginning work in process inventory... Units started and completed . 62,500 40% 80% Direct materials 683,750 175,000 Conversion 446,050 1,129,800 Units completed and transferred out... 237,500 Total costs to account for... $1,302,300 Ending work in process inventory.... 76,250 80% 20%