1.

Equivalent Units, No Beginning Work in Process

Frankle Manufacturing produces cylinders used in internal combustion engines. During June, Frankles welding department had the following data:

Units in BWIP
Units completed	55,000
Units in EWIP (40% complete)	8,300

Required:

Calculate June's output for the welding department in equivalent units of production. fill in the blank 1 units

2.

Unit Cost, Valuing Goods Transferred Out and EWIP

During April, the grinding department of Tranx Inc. completed and transferred out 320,000 units. At the end of April, there were 160,000 units in process, 60% complete. Tranx incurred manufacturing costs totaling $2,912,000.

Required:

1. Calculate the unit cost. $fill in the blank 1per unit

2. Calculate the cost of goods transferred out and the cost of ending WIP.

Cost of goods transferred out	$fill in the blank 2
Cost of ending WIP	$fill in the blank 3

3.

Weighted Average Method, Unit Cost, Valuing Inventories

Applegate Enterprises produces premier raspberry jam. Output is measured in pints. Applegate uses the weighted average method. During January, Applegate had the following production data:

Units in process, January 1, 60% complete	132,000 pints
Units completed and transferred out	760,000 pints
Units in process, January 31, 40% complete	240,000 pints
Costs:
Work in process, January 1	$132,000
Costs added during January	724,000

Required:

1. Using the weighted average method, calculate the equivalent units for January. fill in the blank 1 equivalents units

2. Calculate the unit cost for January. Round your answer to the nearest cent. $fill in the blank 2per unit

3. Assign costs to units transferred out and EWIP.

Cost of goods transferred out	$fill in the blank 3
Ending work in process (EWIP)	$fill in the blank 4