The following information relates to the Zhang Manufacturing Company for 2004:

The beginning work-in-process inventory is 20% complete, and the ending work-inprocess inventory is 55% complete.
Required:

a. Calculate the number of equivalent units of production.

b. Calculate the cost per equivalent unit of production.

c. Calculate the cost of the ending work-in-process inventory.

d. Calculate the cost of the completed units.

e. Appendix: Prepare a journal entry to transfer the cost of completed goods from workin-
process.

Transcribed Image Text:

Units Cost Work-in-process at January 1 Units started into production 18,500 $ 35,668 190,000 Units completed in 2004 187,000 Work-in-process at December 31 21,500 Current production cost $1,873,052