1.
2.
3.
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak Ridge Steel Company are $1.65 and $2.65, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, July 1 0 4,200 Started and completed during July 60,000 60,000 Transferred out of Rolling (completed) 60,000 64,200 Inventory in process, July 31 7,000 2,800 Total units to be assigned costs 67,000 67,000 The beginning work in process inventory on July 1 had a cost of $2,310. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department Completed and transferred-out production 4,130 x Inventory in process, ending Total costs assigned by the Rolling Department Feedback Equivalent Units of Production and Related Costs 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, 1,600 units, 35% completed 17,4401 To Finished Goods, 29,600 units Direct materials, 29,000 units 275,500 $9.50 Direct labor 84,600 Factory overhead 39,258 Bal. 2 units, 45% completed Determine the following a. The number of unitsyn 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 To". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Whole Units Equivalent Units Equivalent Units Direct Materials Conversion b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "O", 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 Started and completed Transferred to finished goods Inventory in process, ending Total units The rate used to allocate costs between completed and partially completed production c. Costs per equivalentlunit for direct materials and conversion Costs Per Equivalent Unit Direct Materials Conversion d. Cost of the units started and completed during the period. 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, 1,600 units, 35% completed 17,440 To Finished Goods, 29,600 units Direct materials, 29,000 units 275,500 $9.50 Direct labor 84,6001 Factory overhead 39,258 Bal 2 units, 45% completed Cost per equivalent units of 59.50 for Direct Materials and $4.20 for Conversion Costs. a. Based on the above data, determine the different costs listed below. 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 preceding period? Yes
