1. Costs per Equivalent Unit

The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production.

ACCOUNT Work in ProcessBaking Department							ACCOUNT NO.
Date		Item	Debit		Credit		Balance
							Debit		Credit
Mar.	1	Bal., 7,500 units, 4/5 completed					13,050
	31	Direct materials, 135,000 units	175,500				188,550
	31	Direct labor	51,540				240,090
	31	Factory overhead	28,992				269,082
	31	Goods finished, 136,800 units			259,620		9,462
	31	Bal. ? units, 3/5 completed					9,462

a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.

1. Direct materials cost per equivalent unit.	$
2. Conversion cost per equivalent unit.	$
3. Cost of the beginning work in process completed during March.	$
4. Cost of units started and completed during March.	$
5. Cost of the ending work in process.	$

2.

Equivalent Units of Production

Units of production data for the two departments of Pacific Cable and Wire Company for November of the current fiscal year are as follows:

	Drawing Department	Winding Department
Work in process, November 1	7,400 units, 45% completed	3,700 units, 65% completed
Completed and transferred to next processing department during November	101,400 units	100,100 units
Work in process, November 30	5,600 units, 75% completed	5,000 units, 30% completed

a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for November for the Drawing Department. If an amount is zero, enter in "0".

Drawing Department
Direct Materials and Conversion Equivalent Units of Production
For November
	Whole Units	Direct Materials Equivalent Units	Conversion Equivalent Units
Inventory in process, November 1
Started and completed in November
Transferred to Winding Department in November
Inventory in process, November 30
Total

b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for November for the Winding Department. If an amount is zero, enter in "0".

Winding Department
Direct Materials and Conversion Equivalent Units of Production
For November
	Whole Units	Direct Materials Equivalent Units	Conversion Equivalent Units
Inventory in process, November 1
Started and completed in November
Transferred to finished goods in November
Inventory in process, November 30
Total

3.

Cost of Production Report

The debits to Work in ProcessRoasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows:

Work in process, August 1, 600 pounds, 50% completed				$3,450*
	*Direct materials (600 X $4.8)	$2,880
	Conversion (600 X 50% X $1.9)	$570
		$3,450
Coffee beans added during August, 19,000 pounds				90,250
Conversion costs during August				37,800
Work in process, August 31, 1,000 pounds, 60% completed				?
Goods finished during August, 18,600 pounds				?

All direct materials are placed in process at the beginning of production.

a. Prepare a cost of production report, presenting the following computations:

Direct materials and conversion equivalent units of production for August.

Direct materials and conversion costs per equivalent unit for August.

Cost of goods finished during August.

Cost of work in process at August 31.

If an amount is zero, enter in "0". For the cost per equivalent unit, round your answer to two decimal places.

Morning Brew Coffee Company

Cost of Production Report-Roasting Department

For the Month Ended August 31

Unit Information

Units charged to production:

Inventory in process, August 1

Received from materials storeroom

Total units accounted for by the Roasting Department

Units to be assigned costs:

Equivalent Units

Whole Units

Direct Materials (1)

Conversion (1)

Inventory in process, August 1

Started and completed in August

Transferred to finished goods in August

Inventory in process, August 31

Total units to be assigned costs

Cost Information

Costs per equivalent unit:

Direct Materials

Conversion

Total costs for August in Roasting Department

$

$

Total equivalent units

Cost per equivalent unit (2)

$

$

Costs assigned to production:

Direct Materials

Conversion

Total

Inventory in process, August 1

$

Costs incurred in August

Total costs accounted for by the Roasting Department

$

Costs allocated to completed and partially completed units:

Inventory in process, August 1 balance

$

To complete inventory in process, August 1

$

$

Cost of completed August 1 work in process

$

Started and completed in August

Transferred to finished goods in August (3)

$

Inventory in process, August 31 (4)

Total costs assigned by the Roasting Department

$

4.

Port Ormond Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it is spun into yarn. The output of the Spinning Department is transferred to the Tufting Department, where carpet backing is added at the beginning of the process and the process is completed. On January 1, Port Ormond Carpet Company had the following inventories:

Finished Goods	$7,200
Work in Process-Spinning Department	1,000
Work in Process-Tufting Department	2,400
Materials	4,300

Departmental accounts are maintained for factory overhead, and both have zero balances on January 1. Manufacturing operations for January are summarized as follows:

Jan.	1	Materials purchased on account, $80,000
	2	Materials requisitioned for use:
		FiberSpinning Department, $42,000
		Carpet backingTufting Department, $34,600
		Indirect materialsSpinning Department, $3,000
		Indirect materialsTufting Department, $2,900
	31	Labor used:
		Direct laborSpinning Department, $26,900
		Direct laborTufting Department, $17,800
		Indirect laborSpinning Department, $11,700
		Indirect laborTufting Department, $11,800
	31	Depreciation charged on fixed assets:
		Spinning Department, $5,300
		Tufting Department, $3,500
	31	Expired prepaid factory insurance:
		Spinning Department, $1,300
		Tufting Department, $1,000
	31	Applied factory overhead:
		Spinning Department, $21,500
		Tufting Department, $18,850
	31	Production costs transferred from Spinning Department to Tufting Department, $85,000
	31	Production costs transferred from Tufting Department to Finished Goods, $152,600
	31	Cost of goods sold during the period, $155,300

	Required:
1.	Journalize the entries to record the operations, using the dates provided with the summary of manufacturing operations. Refer to the Chart of Accounts for exact wording of account titles.